Market Momentum and HBAR's Performance
The cryptocurrency market is currently experiencing strong performance, with Ethereum (ETH) seeing a significant jump of over 5 percent today. This positive momentum has extended to several major altcoins, including Hedera (HBAR).
Hedera (HBAR) has demonstrated an impressive increase of 14 percent in the last 24 hours. Crucially, its price chart is beginning to mirror a bullish fractal pattern that previously preceded a substantial breakout rally.
Fractal Setup Hints at a Bullish Breakout
The daily chart for HBAR is exhibiting early indicators of a recurring bullish structure. This structure is characterized by three primary components: an extended accumulation zone, a correction within a falling wedge, and the anticipated reclamation of the 100-day moving average.
Earlier this year, in July, HBAR formed a similar pattern. The price corrected within a falling wedge while maintaining strong support around the $0.13 accumulation range. Following weeks of price compression, the token broke out of the wedge and successfully reclaimed the 100-day moving average. This event triggered a significant rally of 94 percent, pushing the price towards the ascending resistance trendline.
Currently, the same structural alignment appears to be unfolding once again.
HBAR has recently bounced from its multi-month accumulation zone and is now pressing against the upper boundary of the current falling wedge, which is located near $0.1973. The token is also positioned just below the 100-day moving average, which stands at $0.2167. This configuration is identical to the conditions that preceded the earlier breakout, suggesting that bullish momentum may be quietly building.
Future Outlook for HBAR
For the current fractal setup to remain valid and signal further upside, HBAR must successfully break above the falling wedge's resistance and reclaim the 100-day moving average. If buyers achieve this objective, the next significant technical target is projected to be around $0.3483, which could represent a potential increase of 77 percent from current price levels.
Furthermore, the long-term ascending resistance trendline indicates potential for even greater price expansion later in the cycle, should momentum continue to strengthen, mirroring the performance observed during the previous fractal.
Confirmation remains a critical factor at this stage. A decisive reclaim of the 100-day moving average would serve as the clearest indication that the bullish structure is actively in play and that a sustained continuation rally is likely underway.