Rally

Hedera

CRYPTO

Bitcoin

Time

<p>Crypto analyst EGRAG CRYPTO has shared a detailed technical analysis of <a href="https://captainaltcoin.com/how-much-could-3000-hedera-hbar-tokens-be-worth-by-2025/" target="_blank" rel="noopener noreferrer nofollow">Hedera (HBAR)</a>, forecasting a potential 7X price increase to around $2.10.&nbsp;</p>
<p>The analysis points to specific Fibonacci levels and historical patterns that suggest HBAR could reach $2.10, while Bitcoin continues its upward trajectory toward $120,000-$140,000.</p>
<p>Technical indicators on Egrag’s chart show HBAR forming a rounded bottom pattern between 2021 and 2023, marking an extended accumulation phase. The current price hovers near the 0.786 Fibonacci retracement level around $0.2967, establishing a support zone that may precede future price movement.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/HBAR?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#HBAR</a> – Easy 7X Opportunity! <br><br>Here’s why now might be the perfect time to buy <a href="https://twitter.com/hashtag/HBAR?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#HBAR</a>:<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"> Fib Levels 0.786–0.702: The price might move sideways in this zone for a while. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f570.png" alt="🕰" class="wp-smiley" style="height: 1em; max-height: 1em;"> It could take some time to break out, especially while <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> is doing its thing and climbing to $120K–$140K.… <a href="https://t.co/zJbajF5LdA" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/zJbajF5LdA</a></p>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1864570237066056014?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 5, 2024</a>
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<p>Trading data reveals strong support at $0.0447, with intermediate Fibonacci levels at $0.1441 and $0.2004 serving as previous resistance points during the consolidation period. These levels have created a foundation for potential upward momentum.</p>
<h2 class="wp-block-heading" id="strong-historical-data-supports-bullish-outlook-strong"><strong>Historical Data Supports Bullish Outlook</strong></h2>
<p>Chart analysis demonstrates a notable symmetrical pattern from 2020, when <a href="https://coinmarketcap.com/currencies/hedera/" target="_blank" rel="noopener noreferrer nofollow">HBAR price</a> broke out of a similar consolidation phase. The current market structure mirrors this previous movement, suggesting comparable price action might unfold.</p>
<p>The technical assessment identifies multiple price targets based on Fibonacci extensions. The first resistance sits at $0.584, followed by $1.25 near the 1.272 extension. The analysis projects a final target of $3.29 at the 1.618 extension level.</p>
<p><em>Read also: </em><a href="https://captainaltcoin.com/heres-why-solana-sol-price-could-be-set-for-a-rally-to-new-all-time-highs/" target="_blank" rel="noopener noreferrer nofollow"><em>Here’s Why Solana (SOL) Price Could Be Set for a Rally to New All-Time Highs</em></a></p>
<h2 class="wp-block-heading" id="strong-bitcoin-correlation-and-market-dynamics-strong"><strong>Bitcoin Correlation and Market Dynamics</strong></h2>
<p>Market data indicates HBAR’s price movement correlates with Bitcoin’s performance.&nbsp;</p>
<p>The analysis suggests HBAR will maintain its current trading range until Bitcoin reaches specific price milestones. EGRAG CRYPTO notes that HBAR’s anticipated bull run aligns with <a href="https://captainaltcoin.com/whats-next-for-bitcoin-btc-price-after-surging-above-100k-top-analyst-predict-local-top-and-timeline/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s projected movement</a> toward $120,000-$140,000.</p>
<p>Trading volumes and price action show consolidation between the 0.786 and 0.702 Fibonacci zones. This range-bound activity could persist while broader market conditions develop, setting the stage for potential breakout scenarios in line with historical patterns.</p>
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<p>The post <a href="https://captainaltcoin.com/expert-predicts-easy-7x-opportunity-for-hedera-hbar-is-now-the-time-to-buy/" rel="noopener noreferrer nofollow">Expert Predicts ‘Easy 7X Opportunity’ for Hedera (HBAR): Is Now the Time to Buy?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Expert Predicts ‘Easy 7X Opportunity’ for Hedera (HBAR): Is Now the Time to Buy?

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