Hedera’s native token HBAR is drawing fresh attention after falling over 11% this week, currently trading at $0.2443.
Despite the pullback, technical analysts like EGRAG CRYPTO are exploring potential long-term breakout scenarios using both logarithmic and non-logarithmic Fibonacci retracement models.
In two new posts, EGRAG compared these methods to identify where HBAR might land in its next cycle top. The logarithmic approach, often favored for long-term crypto forecasting, points to dramatically higher price levels due to its emphasis on percentage growth.
Meanwhile, the non-logarithmic scale reflects more conservative price movements, which may be helpful in gauging shorter-term targets and market sentiment shifts.
This divergence in methods has sparked conversation within the crypto community. EGRAG’s chart suggests possible cycle targets far above the current price, especially when using log-based extensions — hinting at a bullish long-term outlook if historical patterns repeat.
One of the shared charts also highlighted a “Double Bottom” pattern forming — a classic bullish signal. If confirmed, it could support a significant breakout, consistent with past cycles. The analyst mapped the next possible wave based on previous pattern-to-pattern similarities, pointing to a “Rip Your Face Off Phase” that could begin as early as mid-2026.
Key Chart Highlights:
- Cycle Target (Logarithmic): Potential extension beyond $2 based on percentage growth models.
- Cycle Target (Non-Logarithmic): Target zones near $0.80–$1.30 based on absolute price action.
- Macro Support Line: Long-term support remains intact, possibly forming the foundation for a future rally.
- Pattern Recognition: EGRAG points out historical rhythm between bottoms and breakouts, with past performance hinting at another strong uptrend.
Whether or not these technical forecasts materialize, the ongoing debate between logarithmic vs. non-logarithmic tools underscores how volatile assets like HBAR require flexible models. While some traders prefer the simplicity of absolute price action, others lean on log charts to navigate parabolic moves more clearly.
As of now, HBAR sits at rank #16 by market cap, valued at just over $10.35 billion with $425 million in 24-hour volume — suggesting active trading despite the recent price dip.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/market/hbar-price-prediction-what-to-expect-after-recent-pullback/