HBAR Targets 112% Breakout on Falling Wedge
HBAR has formed a falling wedge on its 4-hour chart from late July to early September, a pattern often signaling bullish reversals. Trading near $0.218, the token sits close to its lower Bollinger Band and just below the 50-EMA at $0.228—a key breakout level. A confirmed move above the wedge could propel HBAR to $0.462, implying a 112% gain.
On-chain data reveals significant whale accumulation: addresses holding over 10 million HBAR have increased by 71% over the past year. This accumulation comes despite institutional rebalancing that saw more than 110 million HBAR sold between August 31 and September 1. Large after-hours transactions suggest strategic positioning rather than panic selling.
Technical indicators reinforce a bullish outlook. The RSI hovers near 39, indicating oversold conditions and potential downside exhaustion. With RSI bouncing above 35, combined with the falling wedge structure and growing whale demand, HBAR’s next decisive buy signal will be a clear break above the wedge’s upper trendline and the 50-EMA. Traders should watch these levels for entry points ahead of a possible 112% rally.
Bullish
The combination of a falling wedge pattern, oversold RSI and significant whale accumulation creates a strong bullish setup for HBAR. Historically, similar wedge formations—when confirmed by a break above the upper trendline—have led to sharp reversals and 80–150% rallies in utility tokens with solid on-chain support. The current RSI near 39 signals downside exhaustion, while whales increasing holdings by 71% over the past year highlight growing confidence. A decisive move above the 50-EMA (~$0.228) and the wedge ceiling would likely trigger fresh buying interest, driving short-term momentum. Long term, sustained whale support and enterprise partnerships reinforce HBAR’s fundamental case, suggesting that this breakout could evolve into a lasting uptrend.