HBAR Technical Analysis: Target of $0.399 Amidst Wave Formation and Breakout Signals

Hedera (HBAR) is poised for potential breakout following an analysis revealing a strong technical setup. The wave structure suggests price targets reaching as high as $0.399, while Elliott waves and volume patterns align for a bullish surge. 2020 marked a significant turning point in HBAR’s history, with its price surpassing a high near $0.45 before a subsequent correction to the low of $0.10 by late 2023. Analyst EGRAG CRYPTO charted this wave pattern and anticipated a bullish retracement that aligns with historical wave cycles across the past year.