HBAR Analysts Spot Recurring Bullish Pattern Signaling Possible Eightfold Surge

ChartNerd‘s latest projection suggests that the token is nearing the completion of another flag formation phase, resembling the setup before the 2021 breakout. If the altcoin breaks above the flag’s upper boundary, the next target ranges between $1.60 and $1.80. This move would align with the channels upper resistance and represents an approximate eightfold increase from present levels near $0.18.

Technical Outlook and Price Behavior

At the time of writing, Hedera trades at $0.18, recording a 5.7% decline in the past 24 hours. The price has gradually dropped from an intraday high near $0.19, reflecting mild selling pressure across market sessions.

Despite a trading volume exceeding $253 million, buying strength remains limited, allowing short-term bearish sentiment to dominate. The coins market capitalization stands at $7.57 billion, placing it at rank 29 among major cryptocurrencies.

HBARUSD 24-Hr Chart | Source: BraveNewCoin

Following a brief rebound earlier in the week, it continues to consolidate below its immediate resistance at $0.19–$0.20. The next critical support lies around $0.175, which served as a short-term floor during prior sessions. A break below this level could invite further testing near the $0.17 zone. For buyers to regain control, the token must reclaim and sustain momentum above $0.19, supported by increased trading volumes and renewed market participation.

Market Structure Suggests Potential for Recovery

Technical analysis from both analysts points toward a structurally bullish setup despite the recent short-term weakness. As long as Hedera maintains its trajectory within the ascending channel, the broader trend remains constructive. The recurring flag formations and historical percentage swings suggest the potential for a repeat of previous patterns that preceded extended rallies.

ChartNerds observation—captioned “Keep It Simple > $1.60/80”—summarizes the disciplined approach traders are adopting. The focus remains on maintaining support integrity within the established channel. If the asset holds above the trendline and breaks resistance, it could rally toward $1.60–$1.80, signaling a potential eightfold surge.