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Analysts target price of 15 cents, HBAR Elliot wave pattern points to new gains

2026-10-04 00:17:52
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Technical analysts reach rare consensus on Hedera Hashgraph (HBAR)

Technical analysts reach rare consensus on Hedera Hashgraph (HBAR). Both Trade Confidence and More Crypto Online point to a potential fifth wave of upward trend for HBAR based on the Elliott Wave framework. These two analyses were released on the same day and independently judged that HBAR is at a critical turning point in the market structure.

HBAR tests support during the fourth wave adjustment phase

Trade Confidence describes HBAR's current consolidation as the fourth band in the classic five-stage Elliot wave pattern. Based on this interpretation, if the fifth wave is completed, HBAR's price could push to US$0.15, an increase of approximately 34% from the price level cited in the analysis.

More Crypto Online provides a parallel but slightly cautious view. The analysis pointed out that HBAR's current correction is also in line with the fourth wave in the Elliott cycle, with the downward support targets set at US$0.108 and US$0.094 respectively. The market's response to these two support levels will likely determine whether a new upward wave, or a fifth wave, will form.

Analysts emphasized the complexity of the current pattern. They pointed out that this structure is not a simple 1-2 sequence, and noted that later Elliot waves, especially in the fourth and fifth bands, tend to produce irregular (irregular/violent) price movements. A clearer confirmation signal may not appear until after the five-wave sequence is completed.

In Elliot's wave theory, the fifth wave is the last pushing wave in the sequence. So $0.15 is more than just a random integer mark. If the count is correct and the support level is valid, it is the expected endpoint of the current pattern.

Bullish outlook remains conditional

Analysts warn that bullish scenarios are strictly conditional and depend on whether HBAR can hold the support range it quotes. If the price falls below $0.108 or $0.094, the structural credibility that supports the fifth surge will be lost. Conversely, if support is maintained and the current adjustment movement shows signs of exhaustion, the stage may be ready for a new rally towards $0.15.

Key verification steps proposed by analysts include holding the support range of US$0.108 to US$0.094, confirming the end of the adjustment period, and then expecting a rebound to the fifth-wave target. This order is crucial because Elliot counting often seems feasible until a critical failure occurs. The two analysts agreed on a common risk framework: While the upside potential is encouraging, it still depends on the durability of support levels.

Market conditions discouraged premature bullish sentiment. Instead, HBAR is positioned as a medium-term structural consolidation rather than a rapid breakthrough candidate. A loss in the support range could delay any expectation of a fifth wave of upside, while strong defense at these levels could trigger further expansion, targeting $0.15.

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Both articles actually agree on the same risk framework: upside potential is eye-catching, but it must be obtained after support is proven.

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