Is Hedera (HBAR) Gearing Up for a Bullish Reversal? Chart Mirrors 2021 Bull Run Setup

Date: Sun, April 06, 2025 | 01:10 PM GMT

The cryptocurrency market has been facing extended turbulence throughout Q1 2025, with Ethereum (ETH) recording its worst quarterly performance since 2018—dropping nearly 45%. This weakness has bled into the broader altcoin space, dragging down major tokens like Hedera (HBAR), which has plummeted 49% over the last 90 days.

With the decline, HBAR’s chart is beginning to flash signs of potential optimism. A deeper look reveals a setup that closely mirrors its explosive bull run of 2021—suggesting a reversal could be just around the corner.

Source: Coinmarketcap

Chart Mirrors 2021 Bull Run Setup

In early 2021, HBAR saw a massive 1,374% rally from the bottom before entering a sharp 65% correction phase. After consolidating in that corrective zone, it launched into a second wave, gaining over 264%. This bullish sequence—rally, correction, and then another rally—is a textbook bullish market cycle.

Fast forward to 2025, and we’re seeing a strikingly similar pattern unfold. HBAR rallied over 800% during late 2024, followed by a steep decline that now measures over 6% from its highs. The current price action shows the token coiling within a consolidation range that closely matches the structure seen in 2021.

Notably, the price is currently sitting near a historically significant support zone—the same zone that acted as the springboard for the 2021 bull rally. This area also aligns with the 50-day moving average, which is beginning to flatten out, suggesting potential stabilization. The last time HBAR bounced off the 50DMA with a similar setup, it was followed by an explosive rally. The similarities don’t end there.

In 2021, HBAR’s correction lasted for 18 weeks before it exploded to the upside. Now in 2025, the correction phase still has room to stretch but is closing in on a similar 126-day duration. If this fractal continues to play out, HBAR could be approaching the final stages of its consolidation before a breakout attempt.

Can HBAR Repeat History?

HBAR’s chart is showing signs of a potential bullish reversal, closely mirroring its 2021 rally setup. The price is hovering above a key historical support zone that aligns with the flattening 50-day moving average—just like before the previous breakout. RSI is back in the same oversold zone, and the MACD is hinting at a bullish crossover. With the current correction nearing 126 days, similar to the 18-week pullback in 2021, HBAR could be in the final stages of consolidation before a major move.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.