October has earned a nickname in crypto circles — “Uptober.” The reason is simple is because the month has historically been one of the strongest performers for Bitcoin and altcoins. The question now is whether Hedera will ride this momentum and set up for new gains. Can HBAR price climb to new heights this October?
Looking at the Hedera price chart, the story becomes clear. HBAR price surged by 142% between June and July, lifting the token close to $0.3. That rally formed a flagpole, and since then, HBAR has been moving within a falling wedge pattern. This wedge is creating lower highs and lower lows, but it has also carved out reliable support levels that continue to hold.
The most recent bounce from the base of the wedge signals that Hedera may be preparing for another move toward the upper trendline. While the wedge is traditionally considered a bearish structure, when it forms inside a larger bullish flag, the setup often leads to a breakout.
Why October Could Be Bullish for HBAR Price
The bullish flag pattern offers the strongest case for upside in October. Patterns like this usually resolve by breaking in the direction of the prior trend, which in this case was upward. The size of the potential breakout often mirrors the length of the flagpole that preceded it.
If HBAR price follows this trajectory, the token could see a move of 140% to 150%. That type of rally would take Hedera close to $0.57, its all time high.
Even with a bullish setup, risks remain. A breakdown below the base of the wedge could send HBAR price to $0.189, which aligns with a previous support zone. The next level down sits near $0.13, though reaching that area appears to be the less likely scenario given how the chart has respected support so far.
Market-wide sentiment will also play a role. If Bitcoin struggles during October, the broader trend could weigh on altcoins like Hedera. Still, the structure of the chart leans toward optimism, particularly with October’s historical reputation as a bullish month.
How High HBAR Price Could Reach in October
The technical picture paints a clear story. Hedera has been consolidating within a wedge, but the bigger structure is a bullish flag. If history repeats and October lives up to its “Uptober” label, HBAR price has a strong chance of testing new levels. A move above $0.48 looks realistic, and if momentum builds, $0.57 could be within reach.
Hedera is once again in the spotlight as October begins. The chart structure, the seasonal momentum, and the resilience of support all suggest that HBAR could be gearing up for a breakout.