- HBAR may be gearing up for a significant transfer, with analyst EGRAG Crypto forecasting a possible rally of over 800%, focusing on $1.60 based mostly on historic patterns, Elliott Wave concept, and Fibonacci extensions.
- Key help zones round $0.033, $0.042–$0.055, and $0.075–$0.10 are seen as launchpads, whereas fast targets lie at $0.11–$0.197, with doable long-term highs at $0.799, $0.987, and $1.599.
- Group sentiment is rising, sparked by a 1,000 HBAR problem and bullish technical alerts. Nonetheless, it’s a “watch and study” setup—not monetary recommendation, only a doable roadmap if historical past repeats.
Properly, right here we go once more—crypto analyst EGRAG Crypto has tossed out a chart that’s caught the neighborhood’s eye, and this time it’s Hedera (HBAR) within the highlight. In line with the chart shared on X (yeah, nonetheless getting used to calling Twitter that), EGRAG thinks HBAR may rally over 800% long run. Not too shabby.
The massive quantity? $1.60. That’s the goal EGRAG’s pointing to, utilizing a mixture of Elliott Wave concept, Fibonacci extensions, and good previous historic sample watching. To fire up extra engagement, he’s even providing up 1,000 HBAR to whoever posts the most effective chart interpretation. Discuss crowd-sourced TA.
Breaking Down the Setup: Ranges That Matter
EGRAG’s chart zooms manner out—like, years of value motion—monitoring how HBAR has bounced by thick and skinny. He’s highlighted three key help zones that appear to maintain popping up throughout heavy corrections:
- $0.033 because the laborious flooring
- A red-box help space between $0.042–$0.055
- And better help within the $0.075–$0.10 vary
These zones have held up earlier than, and in line with EGRAG, may function liftoff factors for the following bullish wave.
He additionally mapped out a full corrective A-B-C cycle, which, in Elliott Wave language, means we may be within the early levels of a a lot bigger transfer. Wave 1? Already completed. Wave 2? Discovering footing. Wave 3? Traditionally the most important and baddest of the lot—and apparently, simply getting began.
Fibonacci Ranges and Fractal Echoes
Now for the juicy half—value targets. Utilizing Fibonacci instruments, the chart maps a sequence of steps HBAR may take:
- $0.11, $0.155, $0.197 — first resistance zones
- $0.799, $0.987, $1.599 — the true moon photographs, based mostly on prolonged fib ranges
These ranges tie again to fractal patterns from previous bull runs. Mainly, if historical past rhymes once more, HBAR could possibly be some wild strikes.
What makes this enjoyable is EGRAG’s method—it’s extra of a roadmap than a straight-up prediction. He’s not telling anybody to ape in. As a substitute, he’s encouraging folks to find out how charts behave over time, slightly than chasing candles.
So… Can HBAR Actually Hit $1.60?
Possibly. If the sample performs out the best way it did earlier than, and if momentum picks up close to these mid-tier resistances ($0.11–$0.155), then technically, yeah—it’s doable. In fact, the chart isn’t monetary recommendation (and EGRAG makes that clear). It’s extra of a “what if” than a “when.”
However hey, with on-chain traits stabilizing, macro bettering a bit, and extra folks on the lookout for altcoins with potential legs, HBAR may simply have an opportunity to shock of us.
One factor’s for certain—this chart’s received folks speaking. Whether or not it performs out or not, it’s a superb reminder that generally, the large strikes begin when nobody’s actually paying consideration.