Hedera Crypto Price Targets $0.21 as Symmetrical Triangle Signals Buyer Comeback
Hedera (HBAR) is forming a symmetrical triangle pattern, suggesting buyers are regaining control with a potential price target of $0.21.Summary
Hedera (HBAR) is showing signs of a recovery phase, trading around $0.179 after rebounding from recent lows, with analysts targeting a move toward $0.21. The price action is currently forming a symmetrical triangle pattern, indicating consolidation where buyers are gradually gaining control over sellers, as evidenced by increasing buy-side volume.
A sustained close above the $0.185–$0.19 resistance band would confirm a breakout, potentially leading the price toward the $0.21 target, which aligns with the 61.8% Fibonacci retracement level. Conversely, failure to break resistance could lead to a short-term retracement to $0.17.
Market data shows Hedera priced at $0.18, up 4.22% in 24 hours, with steady buying pressure supporting a constructive recovery. Technical indicators like the RSI rising above its moving average and the MACD histogram flipping positive further support a cautiously bullish outlook, suggesting accumulation is underway.
(Source：Brave New Coin)