Key Insights:
- HBAR price is at a pivotal technical juncture, currently testing the wave-2 Fibonacci support zone between $0.157 and $0.142.
- A breakdown below $0.142 could trigger a deeper correction, and an alternate wave count targeting $0.098 as the next support.
- Analyst C-Zar projects a potential 838% upside, with Fibonacci extensions pointing to a long-term target near $1.04.
HBAR price is currently moving sideways, indicating a potential correction phase. According to technical analyst Man of Bitcoin, the upward momentum can continue only if the price stays above the key support level of $0.142.
In addition, a sustained drop below this level would indicate a change in structure toward an alternate wave-IV, with support at $0.098. Meanwhile, C-Zar Gets Crypto predicts a potential 838% increase toward $1.04 if key resistance levels are cleared in the coming weeks.
HBAR Price Corrects Within Wave Structure
HBAR price has entered a key technical zone, according to market analyst Man of Bitcoin. He points out that the asset is residing within the wave-2 support zone of a bigger Elliott Wave structure.
While analysing, in early June 2025, Hedera (HBAR) was trading at around $0.1701 by a small margin, above a key support area situated between $0.157 and $0.142. The tally at the various Fibonacci levels comes from retracement and extension ratios, which help traders plan for corrections and ongoing trends.
Moreover, HBAR price wave pattern demonstrates that it started a five-wave rally in April and finished by topping out in May. The latest pullback is quite typical of what happens during a wave-2 correction.
According to the analysis, key technical levels to watch are 1.0, 1.382, and 1.618 Fibonacci extensions, all aligning between $0.157 and $0.142. Analysts identify $0.148 as a 1.618 Fibonacci level of interest, with $0.142 being aligned with the 0.786 retracement from the previous upward movement.
What if Hedera (HBAR) Price Breaks Below $0.142?
According to Man of Bitcoin, the ability of HBAR price to remain above the $0.142 level is essential to preserve the direct bullish outlook. If the altcoin falls below this level, it could show that price action is switching from wave-iii to the final wave-iv subdivision.
Consequently, HBAR price could fall to around $0.098, which lines up with the 0.618 retracement point from the bigger, early trending phase.
Besides, if the wave structure changes, the correction might be larger than what is expected from a normal wave 2. In case HBAR price reaches $0.098, crypto will continue consolidating and further delay the next wave of price gain.
Long-Term Bullish Outlook from C-Zar Gets Crypto
Subsequently, crypto analyst C-Zar Gets Crypto offers a separate technical perspective using the weekly chart. The analysis suggests that HBAR price may be starting a major change after spending many years in a range.
HBAR recently broke the resistance at the 0.5 and 0.618 Fibonacci retracement levels, which are based on its swing high of $0.56955 and the 2023 low. These reclaimed zones have historically been used by investors to distinguish between short-term retracements and trend continuations.
HBAR price, as analysed by C-Zar, is $1.04, which would mean moving up 838% from where it now stands. The target falls on a significant Fibonacci extension level, which is below the level shown by the 1.272 extension line at $1.2096.
While HBAR price action has not yet tested the overhead resistance cluster between $0.24 and $0.31, a clear breakout above this range may set the conditions for continuation toward higher levels.
Indicators and Resistance Zones to Watch
Furthermore, the Relative Strength Index (RSI) on the weekly chart remains below the overbought threshold, which indicates that momentum has room to increase without triggering corrective pressure. Therefore, this condition increases the chances that the existing price consolidation will favor a bullish move, provided technical key levels are confirmed.
Resistance is currently between $0.24 and $0.31, and those values contain and interact with the Fibonacci ratios 0.786 and 0.886. A strong rise above these levels would show the path is confirmed and might lead to $1.79 and $3.15 as additional targets.