- The crypto market is trading neutral ahead of the Fed meeting today, with both Bitcoin and Ethereum showing resilience as traders anticipate a potential rate cut.
- HBAR broke out of a bullish falling wedge pattern near $0.2350 after finding support at $0.2107, reaching a local high of $0.2547.
- HBAR is currently retesting the breakout zone at $0.2337, a critical level where buyers may re-enter the market.
- If the retest holds, HBAR could target $0.3147, representing nearly 34% upside, but falling below $0.22 would signal a fake breakout.
Date: Wed, Sept 17, 2025 | 04:15 PM GMT
The cryptocurrency market is trading neutral ahead of the highly anticipated US Federal Reserve meeting today, scheduled to take place in less than 2 hours at 2 p.m. ET. Both Bitcoin (BTC) and Ethereum (ETH) are showing resilience, as traders brace for a potential Fed rate cut.
Amid this cautious backdrop, Hedera (HBAR) is catching attention. Despite trading slightly in the red, its chart signals something more meaningful: HBAR has just broken out of a bullish reversal setup and is now retesting that breakout — a move that could define its next direction.
Retesting Falling Wedge Breakout
For several weeks, HBAR was locked inside a falling wedge, a well-known bullish reversal pattern that often hints at an impending trend shift. The token found strong support around $0.2107 before bouncing back decisively.
This rebound propelled HBAR above the wedge’s descending resistance line, confirming a breakout near $0.2350. Momentum carried it higher to a recent local top of $0.2547 before sellers took profit.
As is typical after such breakouts, HBAR has since pulled back to retest the breakout zone. Currently trading near $0.2337, the price is sitting at a critical level where buyers could be preparing to re-enter the market.
What’s Next for HBAR?
The ongoing retest is constructive, but much depends on whether bulls can defend this breakout level. If buyers step in with conviction, the first objective will be reclaiming the $0.2547 local high. A clean move above this level could set the stage for a larger rally.
Based on the wedge breakout projection, HBAR could potentially climb toward the $0.3147 zone — nearly a 34% upside from current levels.
On the downside, if HBAR slips back under $0.22, it risks re-entering the wedge structure, which would raise the likelihood of a fake breakout and delay bullish momentum.
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