Crypto analyst WSB Trader Rocko has spotted some interesting parallels between Hedera’s current market behavior and its 2020 cycle.
Back then, HBAR saw a 10x surge before settling into a consolidation phase. Looking at the current technical setup through Elliott Wave analysis, Rocko sees potential for another move, with ambitious price targets from $2.50 to $10 if market conditions remain favorable.
According to Rocko, HBAR’s first parabolic move began in January 2020, surging 10x before entering a prolonged 10-month consolidation phase.
He believes the current price action is mirroring that cycle, with a sharp increase from November 2024 followed by ongoing consolidation. The trader noted that during the previous cycle, many investors turned bearish during consolidation, only to miss out on the next rally.
#Hedera Cycle Top Price Targets! (Mar 2026?) 🚀🚀$HBAR first parabolic move started in Jan 2020, it did a 10x and then consolidated for 10 months. For Elliot Wave analyst, it was a impulsive wave 1 and the it did 2 other moves completing the typical EW pattern. Using this price… pic.twitter.com/f9ZAIBMuK3
— WSB Trader Rocko 🚀🚀🚀 (@traderrocko) February 16, 2025
Rocko remains optimistic, citing multiple factors supporting Hedera’s long-term potential. These include its unique distributed ledger technology, increasing institutional adoption, and expansion into DeFi and NFTs. He also highlights regulatory clarity in the U.S. and the rise of memecoins such as Memejob and $DINO as catalysts that could drive future price gains.
What you'll learn 👉
Hedera Price Analysis
The daily price chart of HBAR shows a decline in recent trading sessions. Currently priced at $0.2045, the token has dropped by 6.09% in the last 24 hours and 16.71% over the past week, according to Coingecko.
Technical indicators suggest key areas of support and resistance shaping market sentiment. Immediate support is seen around $0.185, aligning with the lower Bollinger Band, while a deeper retracement could find footing near $0.15, a previous accumulation level.
On the upside, resistance near the $0.24-$0.25 range aligns with the 20-day moving average. Moreover, a stronger barrier exists at $0.30-$0.35, marking a previous consolidation zone.
Bollinger Bands show the price near the lower range, indicating heightened bearish pressure, though a squeeze in volatility could hint at an imminent breakout.
The MACD indicator remains bearish, with the MACD line at -0.00178 below the signal line at -0.02168. However, the histogram is flattening, hinting that bearish momentum may be slowing. The RSI (14) stands at 30.78, close to oversold conditions, indicating a potential short-term reversal if confirmed by other indicators.
Volume has been declining during the downtrend, suggesting that selling pressure is losing strength. A rebound could occur if buyers step in at key support levels.
Read also: XRP Price Prediction For February 18
HBAR Price Prediction
Rocko maintains that HBAR’s consolidation phase is not a reason for bearish sentiment but rather an opportunity for accumulation.
He previously disclosed accumulating around $0.25, anticipating a 50-60% dip before the next breakout. If HBAR follows a similar trajectory to its past cycle, he expects a move toward $2.5. Elliott Wave projections suggest a range between $4 and $5, with a more optimistic $10 target if Bitcoin surges and institutional adoption strengthens.
For now, the market remains in a consolidation phase. A decisive break above $0.24, accompanied by increased volume, would be the first sign of a potential trend reversal. Meanwhile, traders and investors are watching key levels to determine HBAR’s next move.
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