Hedera (HBAR) price has been trading within a tight range, testing investor patience while building a potentially explosive setup. With current price action hovering near $0.186, let’s analyze the charts to predict HBAR's next move using daily and hourly data.
Technical Analysis: Daily Chart Breakdown
- Current Price: $0.18679 (+0.73% gain).
Key Resistance:
- SMA 200 at $0.2218 (overhead resistance).
- SMA 100 at $0.1907 (just above current price).
- Critical Support: $0.185 (tested multiple times).
A breakdown below $0.185** could push HBAR toward **$0.172–0.160, while holding this level maintains a neutral-to-bullish outlook.
Fibonacci Levels and Targets
- Pivot Resistance: $0.236 (0.236 retracement).
Breakout Potential: A close above $0.20 with 20% higher volume than the 10-day average could target:
- Short-term: $0.268 (0.618 Fib level).
- Extended: $0.30 (0.786 Fib level).
👉 Track HBAR's live price action here
Hourly Chart: Momentum Indicators
- Current Position: Sideways consolidation near $0.18546, with SMAs (20/50/100) clustering.
- Key Resistance: 200-hour SMA at $0.192.
- Bull Flag Pattern: Potential breakout to $0.202 if confirmed.
Measured Move Calculation:
- Flagpole ($0.176 to $0.192) = $0.016.
- Target: $0.186 + $0.016 = $0.202 (aligned with daily resistance).
Next 7 Days: Likely Scenarios
Bullish Breakout:
- Trigger: Close above $0.192.
- Target: $0.202** → **$0.225 (0.236 Fib).
Support Breakdown:
- If $0.185** fails, expect a drop to **$0.172–0.168.
Sideways Grind:
- Range-bound between $0.182–$0.192 until broader market signals emerge.
FAQ: Hedera (HBAR) Price Outlook
Q1: Is HBAR a good buy at $0.186?
A1: It’s a speculative buy. A confirmed hold above $0.185 with rising volume could signal upside potential.
Q2: What’s the biggest risk for HBAR price?
A2: Losing $0.185 support may trigger a 10% drop to $0.168.
Q3: How high can HBAR go in 2024?
A3: A bullish market could propel HBAR to $0.30 (0.786 Fib), assuming breakout momentum holds.
👉 Explore Hedera's long-term potential
Final Verdict: Accumulation or Trap?
HBAR’s daily chart shows a coiling spring pattern, while hourly action reflects trader indecision. A breakout above $0.192** could fuel a rally toward **$0.225, but failure to hold $0.185 may invalidate the bullish case. Monitor volume closely—it’s the key to HBAR’s next major move.
Keywords: HBAR price prediction, Hedera technical analysis, HBAR breakout, crypto resistance levels, Fibonacci targets, HBAR support zones.
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