Hedera has maintained a relatively low profile recently, but according to crypto analyst CrediBULL Crypto, this period of quiet may not persist for long.
CrediBULL reminded traders that HBAR price experienced a remarkable 10x rally in just 35 days, surging from $0.04 to $0.40 in November 2024. He suggests that a similar move could be on the horizon, potentially even before the broader bull market gains full momentum.
His core message emphasizes the importance of not overlooking the current quiet phase, as such periods often precede significant price surges.
The chart activity for HBAR in late 2024 showcased a dramatic price increase, with the token's value climbing nearly 925% in just over a month. This surge occurred independently of a major Bitcoin rally or a widespread altseason frenzy, illustrating the sharp, unexpected movements that are characteristic of crypto market cycles.
CrediBULL highlighted that these types of rallies typically occur when the market is least expecting them. At that time, market sentiment was mixed, and traders were exhibiting caution, yet the HBAR price experienced a significant upward trajectory. This historical pattern is what makes the current setup particularly intriguing, as the conditions appear to be mirroring those of the past.
Current HBAR Chart Indicators
HBAR price is currently trading around $0.17. While this is substantially below its previous peaks, the chart's structure bears a striking resemblance to its pre-rally phase from the previous year. Weekly candle formations indicate slow, consistent accumulation, and trading volume remains subdued, which are classic signs of traders quietly increasing their positions while market attention is focused elsewhere.
Key resistance levels to monitor are $0.25 and $0.40. A breakout above $0.25 could attract momentum buyers, but $0.40 represents a more significant hurdle, a level at which the price action could transition from a recovery phase to full-blown expansion.
Hedera's price history shows a tendency to trade sideways for extended periods before experiencing sudden, sharp increases. Therefore, even though the current activity appears slow, this pattern may be laying the groundwork for another significant upward movement.
Analyst Confidence in the 10x Potential
CrediBULL's analysis suggests that many altcoins have yet to enter a phase of true price discovery. HBAR has not yet surpassed its previous all-time high, and historically, the most substantial rallies often occur after such a breakout. This indicates that there remains considerable potential for exponential upside once market conditions become more favorable for risk assets.
The underlying fundamentals of Hedera also support this optimistic outlook. The network has been steadily expanding its ecosystem, successfully onboarding enterprise partners and enhancing its integrations within the DeFi and real-world asset sectors. While retail traders may be drawn to newer, more speculative coins, experienced investors often shift their focus to established, undervalued networks like Hedera before they gain widespread attention.
As CrediBULL stated, "A 10x is absolutely still in play for many alts if you’re patient and don’t chase the ones that are already up 10 or 20x."
This perspective implies that patience and strategic timing could be key factors in capitalizing on potential future gains.
Short-Term Price Outlook for HBAR
Currently, HBAR's price is consolidating within a broad range between $0.15 and $0.25. The longer the price sustains this zone without a significant downturn, the stronger the foundation will become for the next upward movement.
If Bitcoin maintains stability and market sentiment shifts towards increased risk appetite, HBAR could potentially reach $0.30 in the coming weeks. A confirmed weekly close above $0.40 would signify a breakout, opening the path for the parabolic surge that CrediBULL has indicated, possibly propelling the asset into full price discovery mode.
Conversely, if the market sentiment turns risk-off again, HBAR price might retest the $0.12 level before recovering. However, given the strong similarities between the current setup and the conditions observed in late 2024, traders are closely watching for another unexpected price surge.
Furthermore, the current lack of rapid price movement for HBAR is precisely what is generating excitement among some analysts. The last time the chart exhibited similar calmness, the price experienced a tenfold increase in just over a month.
CrediBULL's concluding observation is straightforward: do not underestimate the potential of quiet markets. Periods of apparent stagnation and being overlooked often precede the most substantial gains.
If HBAR price replicates even a portion of its previous cycle's performance, this moment could be recognized in retrospect as a clear setup that was perhaps not fully appreciated at the time.