Prominent analyst EGRAG Crypto has published a chart suggesting Hedera (HBAR) price could surge by over 800% in a long-term rally. The analysis, posted on X (formerly Twitter), outlines a roadmap based on historical chart patterns, Fibonacci extensions, and Elliott Wave theory. The chart sparked strong interest after EGRAG announced a reward of 1,000 HBAR for the most insightful interpretation, further encouraging community engagement.
While EGRAG’s chart points to a future price target of $1.60, current support levels, cycle corrections, and fractal similarities suggest that the setup might follow a familiar bullish path seen in past movements.
What you'll learn 👉
HBAR Long-Term Structure and Support Levels
EGRAG’s chart tracks HBAR’s price action across multiple years, using historical patterns to frame its outlook. It identifies three primary support zones: the base at $0.033, a red-box support zone between $0.042 and $0.055, and higher support around the $0.075 to $0.10 region. These levels were previously tested during sharp corrections and are now positioned as a potential launchpad for the next bullish cycle.
The analysis also includes a full corrective A-B-C cycle, which sets the foundation for the current accumulation phase. Wave 1 has already broken out of the downtrend, with Wave 2 establishing support. According to the projection, Wave 3 is now unfolding, historically known as the strongest and most extended wave in Elliott Wave structures.
Fibonacci Targets and Historical Fractals
Multiple Fibonacci levels were used to predict potential price targets. The key targets include $0.11, $0.155, and $0.197. Beyond these, the chart extends the forecast to higher levels: $0.799 (1.272), $0.987 (1.618), and ultimately $1.599. These targets align with fractal points labeled “HERE” on the chart, reflecting symmetry with a previous bullish cycle.
Past corrections of -68% and -60% are marked as setups for renewed upward movement. The chart indicates that the current price action may be mirroring the early stages of HBAR’s last major uptrend.
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Furthermore, EGRAG’s post on X presented the chart as a strategic roadmap for long-term HBAR investors. By framing the setup as an opportunity for community members to test their technical interpretation skills, the post quickly gained traction.
This public challenge is designed to encourage a deeper understanding of price behavior, rather than impulsive trading. The use of Fibonacci mapping and fractal repetition suggests that if similar conditions hold, HBAR price may follow a path that leads to much higher valuations.
Hedera Final Price Trajectory
The HBAR chart forecasts a path that begins with short-term resistance retests near $0.11–$0.155. If momentum builds, the wave structure projects a long-term price potential of up to $1.60. The structure is built on multiple data points, including support retests, Fib extensions, and prior wave behaviors.
EGRAG’s analysis, while technical, remains rooted in historical reference points. It does not offer financial advice but instead outlines what may occur if HBAR price movements mirror past patterns.
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Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
