The prominent analyst Egrag Crypto has published a chart indicating that the HEDERA price (HBAR) can rise by more than 800 % in a long -term gathering. The analysis, published on X (previously Twitter), determines a road map that depends on the patterns of historical plans, Fibonacci accessories, and ELLIOTT WAVE theory. The graph has sparked strong attention after EGRAG announced a reward of 1000 HBAR for the most insightful interpretation, encouraging the participation of society.
While the EGRAG chart refers to the future price of $ 1.60, current support levels indicate, the correction of the cycle, and the fragmented similarities that the preparation may follow a familiar bullish path in the previous movements.
HBAR structure and long -term support levels
EGRAG tracks HBAR price movement over several years, using historical patterns to frame its outlook. It determines three basic support areas: the base at $ 0.033, and the Red Fund support zone ranges between $ 0.042 and $ 0.055, and higher support in the region $ 0.075 to $ 0.10. These levels were previously tested during sharp corrections and are now placed as a possible launch launch of the next upward cycle.
The analysis also includes a full ABC cycle, which determines the basis for the current accumulation. The 1 wave has already separated from the declining direction, with a wave position 2. According to the drop, WAVE 3 is now revealed, historically known as the strongest and most extensive wave in the Elliott wave structures.
Fibonacci goals and historical parcels
Multiple Fibonacci levels have been used to predict potential price goals. The main goals include $ 0.11, $ 0.155, and $ 0.197. In addition, the plan extends expectations to higher levels: $ 0.799 (1.272), $ 0.987 (1.618), and eventually $ 1.599. These goals are in line with the broken points called “here” on the graph, which reflects the symmetry with a previous rise.
Previously, 68 % previous corrections are marked and -6 % as the upper regeneration settings. The graph indicates that the current price procedure may reflect the early stages from the last direction of the main rise of HBAR.
Also read: Piots of PI prices for this day (April 21)
Moreover, the EGRAG post on X presented the chart as a long -term strategic way for investors HBAR. By framing the preparation as an opportunity for members of society to test their skills in technical interpretation, the post gained the traction speed.
This general challenge is designed to encourage the deeper understanding of price behavior, rather than impulsive trading. The use of Fibonacci maps and fracture repetition indicates that if there are similar conditions, the HBAR price may follow a path that leads to much higher assessments.
Hedera Prices Path
The HBAR scheme predicts the path that begins to re-test the short-term resistance near 0.11-0.155 dollars. In the event of a momentum, the wave structure offers long -term price capabilities up to $ 1.60. The structure is based on multiple data points, including re -testing support, FIB accessories, and previous wave behaviors.
EGRAG analysis, despite technology, is still rooted in historical reference points. It does not provide financial advice, but instead determines the outlines What may happen if HBAR price movements are a mirror Previous patterns.
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Follow us X (twitter)and Coinmarketcap and Binance Square For more daily encryption updates.
Get all our future calls by joining A free telegram group.
We recommend etoro
The community of active users and social features such as news extracts, and chats to obtain specific metal coins available for trading.
A wide range of assets: cryptocurrencies along with other investment products such as stocks and traded investment funds.
Trading copies: It allows users to copy prominent traders trading, for free.
Easy to use: ETORO web platform on the web -based etoro and the mobile application is easy to use and easy to move.
