Hedera (HBAR) Holding Above $0.17 Key Pivot Point — Bullish Correction Near Completion

Key Takeaways

• HBAR completed a corrective WXY structure.
• Falling wedge breakout suggests bullish momentum.
• $0.17 is critical support for trend continuation.

Hedera (HBAR) is trading near $0.177, just above the key 0.618 Fibonacci level from its bull phase.

The broader structure indicates a potential reversal zone, with high and low timeframes pointing toward a correction phase nearing completion.

With RSI resetting and wave counts aligned, the stage may be set for a new impulsive move if key levels hold.

HBAR Price Analysis

HBAR appears to have completed a corrective WXY structure on the daily chart following its macro peak at $0.391 in January.

The April 7 low around $0.126 marks a confluence of support zones, near the 0.786 Fib retracement and historical horizontal levels.

From that low, the price rebounded, breaking above significant descending resistance and potentially signaling the start of a new bull phase.

The price moved in a five-wave structure, forming a rising wedge leading to a high of $0.20 on April 25.

A pullback followed, which could be interpreted as a correction.

It’s currently near $0.17 – aligning with the 0.618 retracement, signaling a potentially completed pullback.

The daily Relative Strength Index (RSI) is neutral, hovering just below 50, giving room for upward momentum.

If the support at $0.17 continues to hold and a higher low is confirmed, the price could begin targeting higher Fibonacci levels.

Overall, the structure supports the end of a prolonged downtrend and transitioning into a new bullish phase.

The current correction seems corrective and not impulsive, aligning with the broader bullish recovery narrative.

HBAR Price Prediction

The lower time frame shows that HBAR completed a five-wave impulse from its $0.126 bottom, followed by a textbook (a)-(b)-(c) correction ending near $0.17.

The (c) wave appears to have formed a falling wedge, which the price is attempting to break out of.

This setup implies a bullish reversal could be underway.

If a breakout confirms with volume and structure (such as a higher high above $0.183), it would confirm the start of a new impulse.

This could be its higher-degree wave three or wave C, next targeting Fibonacci levels at $0.217 and $0.258.

Given the RSI’s bounce from oversold conditions and wedge breakout attempt, a near-term rally is highly probable.

If the price fails to sustain above $0.17, a deeper retracement toward $0.13 remains possible, invalidating the bullish scenario.

The chart suggests HBAR is at an inflection point — the next few candles will determine if this is just a bounce or the start of a broader uptrend.

Key Levels to Watch

• Immediate Support: $0.1700 (0.618 Fib level).
• Wave High Resistance: $0.1830 (local swing high).
• Macro Structural Resistance: $0.2175 (0.5 Fib retracement).
• Next Bullish Target: $0.2585 (0.382 Fib from macro top).
• Critical Support Zone: $0.1260 (0.786 Fib retracement & last low).

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