Key Insights:
- HBAR price remained within a descending channel, with $0.15 acting as critical support.
- A potential bullish diagonal pattern is forming, with $0.126 as the invalidation level.
- Momentum is weak despite signs of early wave (3) expansion from the June 22 low.
HBAR price is at a position where it is trading in important technical zones, and analysts have given varied opinions. Some of the charts showed bullish patterns, while others indicated the weight of an existing bear trend. There is a likelihood of breakout or rejection signals as price action is on the verge of a major resistance.
From downward channels to early-stage stages of impulse waves, HBAR price structure has been the center of attention. According to analysts, there are critical support levels that need to hold so as to prevent an excessive decline in HBAR price prediction.
HBAR Price Retests Key Support Zone Amid Rejection
Analyst AltCryptoTalk implied that since the beginning of May 2025, HBAR price has been locked in a descending channel. Both lines of trend have been observed to be respected by the price action, forming an agreeable pattern of lower highs and lower lows. This indicate a sustained bearish structure on the higher timeframe.
In addition, the chart indicated that HBAR price is currently testing the upper boundary of this channel. Despite multiple attempts, daily candles have failed to close above this dynamic resistance. This strongly suggested ongoing selling pressure, limiting any bullish momentum.
More importantly, a key feature on the chart is the blue demand zone around the $0.15 level. The zone spans $0.145 to $0.15 and has historically served as a strong support. HBAR price has tested this zone multiple times with visible rejection wicks, indicating active buying interest and absorption of sell orders.
However, until HBAR price succeeds in closing above the upper trendline and is able to move higher than $0.155, the downtrend will not be reversed. Lack of a breakout may result in the price returning to weaker levels of support at $0.13-0.135.
HBAR Price Shows Early Signs of Reversal
Analyst More Crypto Online further presented a contrasting scenario. The analyst identified a possible emerging bullish diagonal, suggesting the beginning of a new impulse wave formation. The structure reflects overlapping waves, often seen in early phases of bullish reversals.
Moreover, wave (2) appears complete, and HBAR price has likely entered the early stage of wave (3). The critical support lies at $0.126, which is the June 22 low. This level is the invalidation point for the bullish count. A breakdown below it would cancel the structure.
HBAR price movement from $0.126 to the current $0.14998 zone signals preliminary bullish intent. However, the analyst noted low momentum and poor volume that can postpone any aggressive move to the rally.
Resistance levels in the future are estimated to be at $0.165 and $0.18, and long-term prospects at $0.26-$0.28 based on Fibonacci extensions. This view is based on when HBAR price continues holding its support and breaks through the short-term resistance at $0.155.
Momentum Positive as HBAR Price Tests Resistance Range
Additionally, another analyst pointed out that an increased level of momentum indicators shows a neutral-to-bullish tone. The Relative Strength Index (RSI) level is 50.98 according to the analyst. This was an indication that most buyers and sellers were not sure of what to do in the short term.
Notably, the RSI has already crossed through its 50.65 moving average. This crossover may be an indicator of a modest kind of bullish divergence, especially after an oversold decline as was recorded on June 22. Nonetheless, there is no strong confirmation unless the RSI moves above the 60 mark.
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator reported a bullish sign early. The signal line and MACD line have crossed, giving the first positive histogram bars. This indicated a momentum shift, but a broader trend reversal is not yet confirmed.