Analyst EGRAG Crypto presents a chart suggesting Hedera (HBAR) price may surge over 800% long-term. The analysis is based on historical patterns and various models.
Long-Term HBAR Structure and Support Levels
EGRAG's chart tracks HBAR's price action across multiple years, using historical patterns to frame its outlook. Key support levels include a base at $0.033, a red-box support zone between $0.042 and $0.055, and higher support around the $0.075 to $0.10 region. These levels were previously tested during sharp corrections and may act as launchpads for the next bullish cycle.
Fibonacci Targets and Historical Fractals
Multiple Fibonacci levels were used to predict potential price targets. Key targets include $0.11, $0.155, and $0.197, extending forecasts to $0.799, $0.987, and ultimately $1.599. These levels align with fractal points labeled on the chart, reflecting symmetry with past bullish cycles. Past corrections of -68% and -60% are marked as setups for renewed upward movement.
Final Price Trajectory for HBAR
The HBAR chart forecasts a path beginning with short-term resistance retests near $0.11–$0.155. If momentum builds, the wave structure projects long-term price potential up to $1.60. The structure is built on numerous data points, including support retests and Fibonacci extensions.
EGRAG Crypto's price analysis for HBAR highlights a possible significant rise, though it emphasizes that predictions are based on historical data and trends and do not guarantee results.
