Hedera Price Confirms Falling Wedge Breakout With $0.30 Target Ahead

Analyst Merlijn The Trader confirms a completed falling wedge breakout near $0.23, a classic pattern signaling the end of a downtrend and the start of an uptrend. With a successful retest, Merlijn projects a move toward $0.30 or higher, supported by rising market participation and smart money inflows.

Complementing this short-term view, analyst STEPH IS CRYPTO highlights a potential “final wave” in its bull market. The weekly chart suggests a strong rally through mid-2025 that could lift prices toward $0.90 before a long cooling phase. Current trading around $0.24 with $183.5 million volume reinforces optimism while underscoring the importance of key support at $0.233.

Hedera’s native token has confirmed a breakout from a falling wedge pattern, a bullish technical formation often seen before upward price moves. Analyst Merlijn The Trader reported on X that the token broke above the descending resistance line, marking the completion of the pattern and a potential shift from a downtrend to an uptrend. The price has also retested the breakout level, strengthening the technical case for continued gains.

HBARUSDT Chart | Source:x

Merlijn noted that the breakout is attracting strong market interest, with smart money expected to accumulate the asset in anticipation of further appreciation. Additionally, the analyst projects a path toward $0.30 or higher if the price continues to hold above the breakout zone near $0.23. This setup suggests that maintaining support at this level is critical for sustaining momentum in the near term.

Another analyst, STEPH IS CRYPTO, provided a broader market outlook, suggesting that Hedera may be entering the final stage of its current bull market. A weekly chart shared on X shows a green-shaded window extending into mid-2025, which is described as a period of strong upward movement.

According to this analysis, the token could rise sharply during this phase, potentially challenging resistance levels beyond $0.60 and possibly approaching or exceeding $0.90 before the cycle peaks.

HBARUSD Chart | Source:x

The chart also includes a white trajectory indicating a subsequent cooling period after the projected high. STEPH IS CRYPTO suggests that prices could gradually decline in the years following the peak, with potential retracement zones below $0.20 and even near $0.05 if extended selling pressure occurs. This long-term view suggests that traders may need to monitor the end of the upward phase to manage future exposure.

HBAR showed steady price action over the past 24 hours, trading from about $0.233 to $0.24 for a 1.07% daily gain. Trading volume reached $183.5 million, reflecting active participation and healthy market liquidity. The current market capitalization stands at $10.09 billion, ranking Hedera as the 25th largest cryptocurrency.

HBARUSD 24-Hr Chart | Source: BraveNewCoin

During the trading session on September 16, the price maintained a narrow range between $0.233 and $0.238. Several minor pullbacks were followed by higher lows, with buying pressure increasing around midday when price spikes briefly tested $0.238. This pattern of higher lows supports the view of a market preparing for a potential upward move if volume remains consistent.

Analysts are watching support near $0.233 as a crucial level to maintain bullish momentum. Sustained buying above this level could open the way for a push beyond $0.24 and closer to the $0.30 target suggested by Merlijn The Trader. Holding the breakout level is viewed as essential for confirming the continuation of the trend that began with the falling wedge pattern.

If HBAR manages to build on its current structure and volume remains robust, the conditions may favor further advances in line with both short-term and medium-term projections.