Hedera
Bitcoin
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If This HBAR Macro Fractal Plays Out, a 1,206% Rally’s Next
In this news:
Key takeaways
- Analyst Egrag projects a 1,206% upside for HBAR based on a repeating macro fractal.
- HBAR is currently testing macro support around a $3.7 billion market capitalization.
- Short-sellers currently outweigh long positions following recent liquidations at key resistance levels.
Hedera’s native HBAR coin has entered a previously-witnessed macro fractal, portrayed by French crypto analyst Egrag. The multi-year ascending HBAR price channel depicts a macro support level being tested right now, as HBAR Network attempts to regain $4 billion in market capitalization.
The price chart tackles a previous scenario where HBAR whipped up a 1,206% rally between 2023 and 2025. Egrag sets the plausible market capitalization target at $48.5 billion if this exact macro fractal expansion repeats. “HISTORY RHYMING AGAIN?”, – rhetorically asked the veteran market analyst.
Macro fractal and market cap targets
Egrag links the support currently being tested around $3.7B with the repeating historical fractal pattern hinting at potential 12X growth to $48.5B.
Presently, HBAR is located at the range of low-to-mid Bollinger Bands (BOLL), which offers strong support at $0.0777. TradingView’s daily HBAR price charts also confirm the altcoin’s trading well above three key thresholds. The next hurdle for the popular DLT altcoin is at $0.086, following the SuperTrend price.
Technical indicators and market sentiment
The $0.092 mid-tier Bollinger Band comes second if Hedera’s (HBAR) bulls manage to defend the green-label SuperTrend price on the one-day charts. Upward XRP price punters, otherwise referred to as crypto bulls, will be looking to restore the $0.108 Red-Label Bollinger Band for bullish trend confirmation. But the bears have been dominating the past few days.
Further on, the leveraged market players are betting on the altcoin’s further drawdown. Judging from the long versus short ratio, HBAR’s believers are outweighed by the short-sellers 0.83 to 1. That kind of proportion isn’t bearish in itself: the crowd turned to short-selling after a long leveraged liquidity sweep, stabilizing the altcoin’s price after a two-week long pullback.
The $619K in long liquidations out of a $652K daily total is mostly due to the strong resistance point at $0.085, according to CoinGlass. This liquidity level has been swept and HBAR’s bulls continue to face short-term bearish pressure from several broken moving averages and key indicators, including a negative read on the Chaikin Money Flow (CMF) on multiple time-frames.
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