Key Insights:
- Hedera price rejected the demand zone with a strong bullish daily candle.
- Weekly Elliott Wave projection targets $2.75 for Wave 3 and $4.67 for Wave 5.
- A breakout from the descending wedge pattern may confirm a long-term trend reversal for Hedera price.
Technical analysts presented mixed yet structured views on Hedera price different timeframes. While some analysts suggested a long-term bullish trajectory, others reflected current bearish weakness. Although Hedera price hinges on critical technical levels and potential breakout confirmations.
Rebound From Key Support Sparks Potential Hedera Price Reversal
According to analyst AltCryptoTalk, Hedera price rebounded out of a considerable demand zone. It cut support but rebounded between 0.13 and 0.15, a level that had served as support previously, and also the psychological level of 0.15. The powerful bullish candle that ensued after this rebound indicated that buying sentiment had resumed by institutional or large volume traders.
Additionally, the chart also showed that Hedera price had been trading within a descending channel during Q2 2025. The bounce from the demand zone led to a breakout above the channel’s lower boundary.
Further to that, this structural shift may mark the early stages of a trend reversal. Also, the channel was defined by consistent lower highs and lower lows, which had maintained downward pressure on Hedera price for weeks.
Owing to this shift, HBAR price might experience resistance in the range of 0.16 to $0.17, which is close to the upper end of its channel. It may also create additional buy pressure, although closing above this zone, as bulls may push towards the targets like 0.18 and 0.20.
Besides, failure to break this resistance may lead to price consolidation between $0.15 and $0.17. Hedera price action in this range will be crucial to determining if the breakout sustains or fades.
Hedera Price Expansion Projected Amid Impulse Development
Furthermore, analyst STEPH IS CRYPTO, indicated that Hedera price displayed a five-wave Elliott structure forming. Wave 2 had recently completed at the $0.12557 level, which also served as the 0 Fibonacci retracement level. This zone could represent a macro bottom if the wave count holds.
Moreover, wave 3 is also expected to reach as high as 1.382 Fibonacci level or $2.75966. This is widely seen as a target of Wave 3 in impulsive structures. Wave 5 is projected to extend up to the level of 1.618, which implies a long-term bullish cycle to the level of 4.67754. Therefore, these prices serve as a starting point for an extended Hedera price forecast.
On the other hand, the pattern also respected a falling wedge breakout. A resistance line was skewed downwards and crossed the position of current HBAR price, corroborating the structure of a wedge. The breakout, combined with the 0.618 retracement and Wave 3, has started to support the long-term bullish position. There would be a significant increase in Hedera price in the event Elliott count occurs.
HBAR Faces Rejection With Support Near $0.13 in Focus
In addition, analysts published that Hedera price recently reversed after failing to sustain bullish momentum. HBAR price dropped to around $0.1427 after briefly pushing above $0.15. It tested the 20-period Volume-Weighted Moving Average (VWMA) at $0.1487, which has shifted to resistance following the latest downturn.
Hedera price structure has resumed lower highs and lower lows, consistent with a short-term bearish trend. The downward slope of the VWMA reinforced this weakness. Unless Hedera price reclaimed $0.1487 with volume support, further downside remained technically possible.
More so, RSI (14) on the same chart read 39.27, down from a recent high of close to 58. The indicator crossed below its signal line, suggesting continued selling pressure. If RSI falls below 40 and holds, the bearish bias could further deepen.
In case Hedera price action continues to be below the VWMA and the RSI is kept low, analysts expect a decline to the support area at about 0.13-0.135. A re-challenge of prior key resistance would be necessary in restoring a bullish bias on an approximate time frame.
