Date: Tue, June 10, 2025 | 06:25 AM GMT
The cryptocurrency market is showing strong bullish momentum in the past 24 hours, with Bitcoin (BTC) and Ethereum (ETH) leading the charge. BTC is now trading above $109K, while ETH has jumped to $2,662, posting a solid 7% gain. This renewed surge is sparking fresh excitement across the major altcoins— and Hedera (HBAR) is among the notable gainers.
HBAR has climbed 5% today and is currently trading near $0.1756. More importantly, technical analysis suggests that this may only be the beginning of a larger move.
Technical Patterns Hint at Upside Momentum
On the 4-hour chart, HBAR recently broke out of a falling wedge, a bullish pattern that typically signals a shift from a downtrend to an uptrend. But that’s not all — a Bearish Cypher Harmonic Pattern is also emerging on the chart. This type of harmonic structure, despite its name, often results in short-term bullish moves before potentially reversing near a completion zone.
Currently, HBAR is trading near $0.1759, and the pattern suggests that price action is heading toward the $0.1963–$0.2077 CD Leg— the potential reversal zone (PRZ) where the pattern completes. This area aligns with the 0.786 & 1.0 Fibonacci extension, commonly used to predict the end of the Cypher pattern’s final leg.
If this harmonic setup plays out as expected, HBAR could rise another 12%–18% from current levels before facing major resistance.
What’s Next for HBAR?
The formation of a harmonic Cypher — a well-respected and historically reliable structure — increases the likelihood that HBAR could continue its recovery in the coming sessions. However, traders should remain cautious. As with many wedge breakouts, there’s a chance that HBAR could retest the wedge’s breakout trendline before continuing its upward trajectory.
If momentum persists and the harmonic pattern completes as expected, HBAR may be setting up for another strong leg higher.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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