Hedera (HBAR) Price Outlook: Double Bottom Suggests Imminent Upturn

Key Takeaways

• Potential reversal: HBAR may be forming a bullish structure.
• Key resistance ahead: 0.5 and 0.382 Fibonacci levels are crucial.
• Momentum shift: RSI shows signs of strengthening.
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Hedera (HBAR) has been in a corrective phase following a strong five-wave impulsive rally. The 4-hour chart suggests the price has found a local bottom and may be preparing for a reversal.

Meanwhile, the 1-hour chart indicates an early-stage impulsive structure forming, suggesting a potential bullish wave sequence.

A confluence of Fibonacci retracement levels and Elliott Wave counts provides insights into the next major price moves.

HBAR Price Analysis

HBAR’s 4-hour chart displays a completed five-wave Elliott Wave impulse, followed by a WXY corrective structure that pushed the price downward from a local high near $0.39 to a recent low of approximately $0.18.

The final Y wave reached the 0.618 Fibonacci retracement level, suggesting a potential bottom. This level has acted as strong support on Feb 25. causing a major recovery, and initial price reactions indicate buyers stepping in.

Its recent retest could be interpreted as a double-bottom formation, especially considering the wider price context.

The Relative Strength Index (RSI) on the 4-hour chart remains near oversold levels, implying that selling pressure is subsiding.

Additionally, the price structure shows a break from a downward-sloping channel, hinting at a possible trend reversal.

However, resistance remains strong at the 0.5 Fibonacci retracement level ($0.217), where the price has stalled previously.

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A successful reclaim of the $0.22 zone could validate a bullish continuation toward the next resistance at $0.258 (0.382 Fib).

Beyond this level, the structure suggests the next supply zone at $0.278, aligning with previous corrective highs.

If HBAR fails to reclaim these zones, the bearish structure may continue, potentially revisiting the $0.176 support.

HBAR Price Prediction 

The 1-hour chart reveals an emerging five-wave impulse structure, indicating an early-stage bullish wave count.

HBAR appears to be completing its second corrective wave (wave ii), with price action respecting short-term Fibonacci retracement levels.

A sustained move above $0.217 (0.5 Fib) would confirm wave (iii) development, targeting the $0.23-$0.24 range.

If wave (iii) plays out as projected, a retracement in wave (iv) may occur near the $0.22 support before a final extension in wave (v) toward $0.258 (0.382 Fib from the larger timeframe).

This aligns with the broader Elliott Wave principle, where wave (iii) typically extends beyond wave (i) by 1.618x its length.

However, if HBAR faces rejection at $0.217, the probability of further corrective movement increases.

The invalidation level for this wave count sits at $0.176, which, if broken, would indicate a continuation of the previous downtrend instead of a new bullish phase.

Momentum indicators suggest room for upward movement, but volume confirmation will be critical in validating the bullish thesis.

Any failure to sustain higher highs could lead to a retest of $0.18 or even the deeper 0.786 Fibonacci level at $0.117.

Key Levels to Watch

• Immediate Resistance: $0.217 (0.5 Fibonacci retracement).
• Major Resistance: $0.258 (0.382 Fibonacci retracement).
• Key Support: $0.176 (0.618 Fibonacci retracement).
• Critical Support: $0.117 (0.786 Fibonacci retracement).
• Short-Term Target for Wave (v): Above $0.24 if wave structure holds.
• Invalidation Zone: Below $0.176, signaling further downside potential.