What to Know
- EGRAG Crypto projects HBAR could rise 25 times, placing its upper Fibonacci extension target near $2.05 from $0.0818 charted price.
- HBAR must defend support between $0.08 and $0.057 before buyers can challenge resistance extending through $0.25 across the projected structure.
- A confirmed breakout above $0.30 to $0.47 could expose $0.57 before opening the route toward $1.39 and $2.05 extension targets.
Crypto analyst EGRAG Crypto has projected that HBAR could rise 25 times from the price displayed on his long-term chart. According to EGRAG Crypto, HBAR could reach $2.05 if buyers complete the technical structure and reclaim resistance levels.
A 17-fold advance from that valuation would place HBAR near $1.39, forming the lower boundary of the analyst’s projection. Meanwhile, a 25-fold increase would carry the token toward $2.05, matching the chart’s highest Fibonacci extension area.
EGRAG Crypto compared the present correction with HBAR’s prolonged decline following its major 2021 market-cycle peak. Additionally, the yellow trendlines show HBAR compressing toward an intersection between downward resistance and a long-standing support level.
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HBAR Must Protect Structural Support Before Targeting Higher Levels
HBAR’s projected route toward $2.05 initially depends on buyers defending the support region between $0.08 and $0.057. The $0.08 area represents immediate support because it closely matches the price displayed within the analyst’s chart.
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Below that zone, the red horizontal line near $0.057 serves as the most important structural floor. Significantly, descending resistance approaches this support, creating a possible completion area for the extended correction.
A strong rebound could help buyers break the yellow trendline and establish a broader pattern of higher prices. However, a sustained weekly close below $0.057 would weaken the structure supporting the projected 25-fold advance. HBAR must reclaim $0.10 before buyers can challenge additional resistance around $0.13, $0.15, $0.20 and $0.25.
Breakout Confirmation Could Open HBAR’s Route Toward $2.05
Stronger resistance sits between $0.30 and $0.47, where earlier rejections could restrict advancing buyers. A decisive breakout above that cluster would bring the $0.57 region and HBAR’s former market-cycle peak into view. Beyond that peak, HBAR could enter price discovery and approach the Fibonacci extensions between $1.39 and $2.05.
Still, weekly closes above resistance, stronger volume and successful retests would provide better evidence of sustained buyer control. Overall, the $2.05 target remains conditional because HBAR must defend support and overcome every major resistance barrier.
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