HBAR price has formed a bullish Falling Wedge pattern as price action defends the $0.21 support level. With VWAP and the value area low reinforcing this zone, conditions suggest a breakout could target $0.30.
Summary
- $0.21 support aligns with VWAP and value area low, creating a strong reversal zone.
- Falling Wedge pattern suggests bullish breakout once backed by strong volume inflows.
- A successful move above $0.30 resistance could extend price toward the value area high.
Hedera Hashgraph (HBAR) price is currently consolidating within a Falling Wedge formation, a bullish structure known for its strong probability of resolving to the upside. The $0.21 level has become the cornerstone of this setup, acting as a confluence point where high-timeframe support meets the VWAP and the value area low.
As buyers continue to defend this level, the market is showing signs of preparing for a breakout. If confirmed with sufficient bullish volume, the wedge pattern could drive a move back into higher levels, with the $0.30 resistance zone emerging as the next critical target. Supporting this outlook, HBAR is eyeing further gains amid news of its DTCC ETF listing and Archax developments, adding fundamental fuel to the technical setup.
HBAR price key technical points:
- Strong Support Zone: The $0.21 level aligns with VWAP and value area low, creating a high-confluence reversal point.
- Bullish Falling Wedge: Price action is consolidating at the apex zone, often the breakout point in this pattern.
- Upside Objective: A breakout supported by volume could target the $0.30 resistance and potentially extend toward higher value areas.
The Falling Wedge pattern develops as support and resistance lines converge, compressing price action into an apex zone. Price is currently trading near this apex at $0.21, a critical point where the pattern often resolves. Historically, Falling Wedges carry a strong bullish bias, particularly when paired with increased buying pressure and volume confirmation.
So far, a confirmed breakout has not occurred, but structural support remains intact. Buyers continue to defend the $0.21 region, ensuring that higher lows are respected and that the broader bullish structure has not been negated. The corrective moves observed have done little to disrupt the underlying trend, and instead, have created opportunities for re-accumulation.
The next significant resistance lies at $0.30. This level has acted as a cap on previous rallies and will serve as a decisive marker for further continuation. If bulls are able to push beyond $0.30 with conviction and strong inflows, the door opens toward the value area high and potentially new upside objectives.
What to expect in the coming price action
If $0.21 support continues to hold, the Falling Wedge setup remains valid. A confirmed breakout, reinforced by strong bullish volume, could propel price toward $0.30 resistance and potentially extend higher, placing the market in a stronger upward trajectory.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
