Hedera HBAR Surges 8.62% Amid Triangle Pattern and Wave C Analysis

Hedera ($HBAR) is attracting attention among cryptocurrency traders as technical analysts highlight potential chart patterns that could influence its short-term price direction. Currently trading at $0.2615, $HBAR is consolidating around a key support level at $0.205, with observers debating whether it is nearing the completion of a wave (c) decline or forming a triangle pattern [1]. The analysis, shared on X by More Crypto Online, draws a direct comparison to Ethereum’s chart structure, suggesting that $HBAR could follow a similar trajectory in the near term [1].

A critical observation is that a break below $0.231 would invalidate the triangle pattern scenario, signaling a potential downturn. Conversely, a strong hold above $0.205 could confirm a bullish trend, especially if the broader market experiences altcoin seasonality later in the year. These technical indicators are being closely watched by traders as potential triggers for either bearish or bullish momentum [1].

The comparison to Ethereum is not coincidental. Triangle patterns are a well-documented formation in technical analysis, often signaling consolidation or an impending breakout [1]. These patterns are particularly relevant in volatile markets like cryptocurrencies, where they can offer traders key insights into potential entry and exit points for risk management. The yellow scenario introduced in the chart—a triangle pattern—adds a new dimension to the analysis, suggesting a potential pause before a more significant price shift [1].

External factors also play a role in the volatility of $HBAR. The recent U.S.-EU tariff deal has introduced uncertainty into global trade dynamics, potentially influencing investor behavior. According to The Economic Times, such geopolitical developments often drive capital toward cryptocurrencies as alternative assets [1]. This aligns with broader research on how uncertainty impacts crypto markets [1].

In the past 24 hours, $HBAR has surged by 8.62%, according to TradingView [1]. This upward momentum suggests that the coin is responding to both technical and external catalysts. Traders are being advised to monitor real-time data closely through platforms like TradingView to stay ahead of potential shifts [1].

Whether $HBAR follows a wave (c) completion or breaks out of a triangle pattern, the next few days will be crucial in determining the coin’s direction. As with all cryptocurrency investments, caution is advised given the asset class's inherent volatility and unpredictability [1].

Source: [1] Hedera ($HBAR) Price Analysis: Triangle Pattern or Wave (c) Completion on the Horizon? (https://coinmarketcap.com/community/articles/688cf034234d9f5588f441ac/)