The broader cryptocurrency market is showing steady upside performance today, with both Bitcoin (BTC) and Ethereum (ETH) trading in green with around 1% gains, allowing potential upside in several altcoins — including the Hedera (HBAR).
HBAR is also in the green with modest intraday gains, but what’s catching traders’ attention is its harmonic structure on the charts, hinting that the token could be setting up for a stronger bullish move in the sessions ahead.
Harmonic Pattern Hints at Potential Upside
On the 4-hour chart, HBAR appears to be forming a Bearish Gartley harmonic pattern — a setup that, despite its name, typically includes a bullish CD leg rally before the price reaches the Potential Reversal Zone (PRZ).
The pattern began at Point X ($0.19572), corrected down to Point A, rallied to Point B, and retraced again to Point C near $0.16151. From that level, HBAR has regained strength, now trading near $0.1782, after reclaiming its 50-hour moving average ($0.16906) — a positive sign showing that buyers are regaining control and upside momentum is returning.
The next key test for HBAR lies at the 100-hour moving average (MA) around $0.17794. A confirmed breakout above this level would likely validate the bullish continuation of the CD leg and could open the door for a move toward the PRZ.
What’s Next for HBAR?
If bulls manage to defend the 50-hour MA and drive HBAR above the 100-hour MA, the harmonic pattern suggests a potential upside toward the PRZ zone between $0.18706 (0.786 Fibonacci extension) and $0.19572 (1.0 extension). Historically, these levels often mark the completion of the Gartley pattern, making them critical zones for traders to monitor.
However, if HBAR fails to maintain support at the 50-hour MA, the bullish outlook could temporarily weaken, leading to a phase of sideways consolidation before any renewed breakout attempt.