HBAR Mirrors 2021 Cycle as Key Breakout Test Approaches

Hedera Hashgraph (HBAR) is closely tracking its 2021 price behavior, according to crypto analyst Rekt Capital.

In his latest report, he notes that the current pattern is “almost picture-perfect,” with only the timing of phases more extended — a recurring theme across this Bitcoin cycle.

HBAR recently tested a critical resistance zone, labeled the “Lower High,” and appears to be rejecting from it again. This mirrors its 2021 structure, where the token ranged between a red support zone and the same black resistance level before eventually breaking out.

Back in 2021, after a successful bounce from the red zone (marked with a green circle), HBAR wicked into the Lower High but failed to hold above it. The price then oscillated between these two levels for weeks. Only after a confirmed weekly close above the resistance did HBAR flip the zone into support, as highlighted by a blue circle retest — leading to renewed trend continuation.

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Now, Rekt Capital sees a similar setup. HBAR is once again bouncing between the red support and black resistance, and a short-term dip may follow. However, the analyst emphasizes one clear confirmation signal: a weekly close above the Lower High. That would validate a breakout and potentially initiate a new leg up.

Until that happens, HBAR’s price action remains range-bound. Still, the structural similarities with the 2021 cycle offer bulls a historical blueprint — suggesting that if momentum returns, a decisive breakout could follow.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.