Key Insights:
- Hedera forms a falling wedge pattern near $0.23, signaling a potential breakout toward higher price levels.
- Analysts project HBAR could climb +123% to $0.50, with continuation targets mapped just under $1.
- Short-term focus rests on wedge breakout, with $0.27–$0.31 as immediate resistance before larger moves.
Hedera ($HBAR/USDT) has been building strength after breaking out of a downtrend that lasted more than 600 days. That breakout in mid-2023 marked the end of an extended decline and the start of a recovery phase. Since then, HBAR has formed a base, with price action suggesting it may be preparing for another large move upward.
Analyst Javon Marks noted that the token is,
“positioning itself for another +123% move higher.”
However,the first major target on his chart sits near $0.504, with the potential for continuation toward $0.962, just below the $1 mark. Reclaiming and holding above $0.504 would confirm this move and open the way toward higher ranges.
Falling Wedge Signals Breakout Setup
On the daily timeframe, HBAR is showing a falling wedge pattern, often seen as a bullish continuation structure. Price is compressing inside the wedge, with support and resistance lines converging into a tight apex.
Steph observed that HBAR is trading near $0.23, where a breakout decision is close. “HBAR breakout imminent,” Steph wrote, pointing to potential upside toward $0.27–$0.31 if momentum confirms. This would be the first stage before testing higher levels outlined in Marks’ analysis.
Key Levels to Watch
The near-term focus remains on a breakout above the wedge resistance. If HBAR pushes through, the first resistance sits at the $0.27–$0.31 range. From there, the $0.50 zone becomes the next key level to test. A break above $0.50 would validate the projected +123% move and strengthen the case for a run toward the $1 area.
If the wedge fails to resolve higher, consolidation around current levels could extend before any decisive move. Traders are closely watching for confirmation above the descending trendline before committing to new entries.
Market Snapshot
Hedera was priced at $0.2187, up 2.52% in the last 24 hours with a 24-hour trading volume of $208.18 million. Over the past seven days, however, the token has fallen 4.99%, showing mixed momentum.
With chart patterns suggesting the potential for continuation and analysts pointing to targets above $0.50, HBAR sits at an important stage. A confirmed breakout would set the tone for whether the token can extend its recovery and approach the $1 milestone.
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