- HBAR might be gearing up for a major move, with analyst EGRAG Crypto forecasting a potential rally of over 800%, targeting $1.60 based on historical patterns, Elliott Wave theory, and Fibonacci extensions.
- Key support zones around $0.033, $0.042–$0.055, and $0.075–$0.10 are seen as launchpads, while immediate targets lie at $0.11–$0.197, with possible long-term highs at $0.799, $0.987, and $1.599.
- Community sentiment is growing, sparked by a 1,000 HBAR challenge and bullish technical signals. Still, it’s a “watch and learn” setup—not financial advice, just a possible roadmap if history repeats.
Well, here we go again—crypto analyst EGRAG Crypto has tossed out a chart that’s caught the community’s eye, and this time it’s Hedera (HBAR) in the spotlight. According to the chart shared on X (yeah, still getting used to calling Twitter that), EGRAG thinks HBAR could rally over 800% long term. Not too shabby.
The big number? $1.60. That’s the target EGRAG’s pointing to, using a mix of Elliott Wave theory, Fibonacci extensions, and good old historical pattern watching. To stir up more engagement, he’s even offering up 1,000 HBAR to whoever posts the best chart interpretation. Talk about crowd-sourced TA.
Breaking Down the Setup: Levels That Matter
EGRAG’s chart zooms way out—like, years of price action—tracking how HBAR has bounced through thick and thin. He’s highlighted three key support zones that seem to keep popping up during heavy corrections:
- $0.033 as the hard floor
- A red-box support area between $0.042–$0.055
- And higher support in the $0.075–$0.10 range
These zones have held up before, and according to EGRAG, could serve as liftoff points for the next bullish wave.
He also mapped out a full corrective A-B-C cycle, which, in Elliott Wave language, means we might be in the early stages of a much larger move. Wave 1? Already done. Wave 2? Finding footing. Wave 3? Historically the biggest and baddest of the lot—and apparently, just getting started.
Fibonacci Levels and Fractal Echoes
Now for the juicy part—price targets. Using Fibonacci tools, the chart maps a series of steps HBAR might take:
- $0.11, $0.155, $0.197 — first resistance zones
- $0.799, $0.987, $1.599 — the real moon shots, based on extended fib levels
These levels tie back to fractal patterns from past bull runs. Basically, if history rhymes again, HBAR could be looking at some wild moves.
What makes this fun is EGRAG’s approach—it’s more of a roadmap than a straight-up prediction. He’s not telling anyone to ape in. Instead, he’s encouraging people to learn how charts behave over time, rather than chasing candles.
So… Can HBAR Really Hit $1.60?
Maybe. If the pattern plays out the way it did before, and if momentum picks up near those mid-tier resistances ($0.11–$0.155), then technically, yeah—it’s possible. Of course, the chart isn’t financial advice (and EGRAG makes that clear). It’s more of a “what if” than a “when.”
But hey, with on-chain trends stabilizing, macro improving a bit, and more people looking for altcoins with potential legs, HBAR might just have a chance to surprise folks.
One thing’s for sure—this chart’s got people talking. Whether it plays out or not, it’s a good reminder that sometimes, the big moves start when no one’s really paying attention.
