The Hedera (HBAR) community is strong, but this time, the excitement is all about a massive chart pattern shared by popular technical analyst @ChartNerdTA on X.
In a video breakdown and supporting chart, ChartNerd claims that HBAR is forming a complex inverse head and shoulders pattern – a bullish reversal structure – and indicates that a breakout could send the price all the way to $3.30.
Considering HBAR is currently trading far below that level, the forecast has understandably stirred a mix of optimism, memes, and hype across the Hedera community.
The Pattern That Has Everyone Watching
ChartNerd’s analysis is focused on the weekly chart, highlighting a textbook inverse head and shoulders formation that’s been developing since HBAR’s all-time high.
The $HBAR Inverse head and shoulders structure (complex formation) since the prior ATH with a breakout towards $3 plus 👇 – @hedera #NFA https://t.co/e6TKyxsbum pic.twitter.com/8hfk2RSD45
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) August 7, 2025
- The left shoulder marks a local bottom during a mid-cycle correction.
- The head features a deep macro double-bottom, reinforcing strong support.
- The right shoulder is now in progress – and if price breaks through the neckline, the structure would technically be complete.
According to the video, this setup points toward a measured move target of $3.30, supported by a 161.8% Fibonacci extension from neckline to support. Additional potential targets mentioned include $1.24, $1.85, and $3.20, but the $3.30 zone is the main focus.
“This breakout target is quite interesting because it also ties up with the 161.8 fib extension,” ChartNerd explained, emphasizing that the pattern aligns with classic technical analysis principles.
“$3 Isn’t a Dream, It’s a Roadmap”
The Hedera community didn’t hold back in the replies.
Some, like @VectRast_Crypto, declared: “If $HBAR breaks that neckline clean, $3 isn’t a dream – it’s a roadmap.”
Others, like @ScottMa33568023, were even more enthusiastic: “It’s going to the moon 🚀.”
Of course, not everyone was convinced. A few users chimed in with more grounded expectations, with one user joking: “Can it please get to 50 cents first?”
But overall, sentiment is clearly shifting toward bullish – and the Hedera chart is giving people a technical reason to believe.
Will HBAR Actually Hit $3?
Technically speaking, the setup is solid. Inverse head and shoulders formations are one of the most reliable bullish reversal patterns, especially when forming over long timeframes. The fact that HBAR is now hovering near the neckline adds weight to the idea that a breakout could be imminent.
Still, it’s worth noting that the pattern hasn’t confirmed yet. As ChartNerd himself noted in the video, market conditions over the next few months will determine whether the right shoulder completes and the breakout follows through.
“Need to see what market conditions are like, how it develops, and how it plays out over time,” he added.
Read also: Can HBAR Reach $1 by 2025? Here’s What Hedera Community Really Thinks
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