Hedera (HBAR) Price Prediction: Perfect Rebound at Support Level Achieved, But Risk-Reward Ratio Is No Longer Ideal

Hedera (HBAR) is back in the spotlight after breaking the support level, and traders are closely following it. According to well-known analyst CryptoPatel, the HBAR price has seen a significant rebound from the previous two get on board areas. However, he warns that the current risk-reward ratio for HBAR is no longer ideal.

The entry price for HBAR was around 0.04-0.05 USD, with an increase of over 800%. The second entry price was between 0.13-0.14 USD, and it has currently risen by about 125%.

CryptoPatel stated in a tweet that HBAR has "perfectly rebounded" from the support level and confirmed that both entries have been reached. Although the current trend still looks bullish, he warned that the risk-reward ratio is no longer ideal.

For those who still hold, he suggests setting the stop loss below the second get on board zone.

HBAR Price Analysis

The HBAR chart he shared is a two-week trend chart that dates back to 2020. Currently, after a strong rebound in the price range of $0.13-$0.14, HBAR is trading at approximately $0.28. This area has served as a reliable support in multiple cycles and has once again become the foundation for the latest rise.

The first major breakthrough occurred in the range of 0.04 to 0.05 dollars, with the token soaring to 0.36 dollars. This trend locked in an increase of over 800% and confirmed the long-term upward trend.

The second breakout is in progress, starting from the $0.13 region, and there may still be more room for upward movement.

(Source: Trading View)

HBAR Next Development Direction

The current focus to follow is the range between 0.35 and 0.36 dollars. In past rebounds, this has been a strong resistance level, so if the HBAR price can break through that resistance level, it may open the way for an increase to 0.70 dollars or even 1 dollar.

CryptoPatel has also set a short-term target between 0.32 and 0.35 dollars based on the current momentum. Although the charts show there is still room for an increase, reaching 1 dollar will require strong trading volume and sustained buyer interest.

Current Trader's Strategy

CryptoPatel pointed out that any investors holding since the second get on board should set a stop loss around 0.13 dollars to protect profits. The trend is still upward, but chasing the rise now may pose greater risks.

Currently, everyone is following whether the HBAR price can break through 0.36 USD. If it breaks through, the next round of Rebound may become interesting very soon.