Hedera Regains Momentum After Sharp Downtrend
Hedera Hashgraph (HBAR) staged an impressive rebound, climbing back toward the $0.15 level after briefly dipping into a major demand zone. The move follows a week of heightened volatility across the crypto market, with altcoins attempting recovery from deep corrections.
HBAR Rebounds From Key Support Zone
On the daily chart, HBAR bounced from a critical demand region between $0.13 and $0.14, an area that has historically generated aggressive buy-side interest. The chart shows the candle wick dipping into the lower boundary before recovering sharply, suggesting that buyers aggressively defended this structural support.
BitXJournal Technical analysts highlighted the significance of this area, noting that it aligns with a cluster of previous reversal points. Market strategist stated that “HBAR’s reaction at this zone reinforces its importance as a long-term accumulation level.”
The asset is now trading near $0.150, reflecting a strong intraday upswing. The latest push marks a rebound of roughly 12–15% from its weekly low, showing renewed confidence among traders.
Technical Structure Signals Early Signs of Recovery
The chart shows a series of Break of Structure (BOS) markers, indicating a potential shift from bearish momentum to early recovery. After months of descending pressure, HBAR broke below multiple support areas but found footing in the highlighted demand zone.
BitXJournal Analysts now point toward the upper liquidity zones, with resistance seen across $0.18, $0.22, and $0.29. These levels form a multi-layered supply region where selling pressure previously dominated.
“HBAR needs a clean close above $0.16 to confirm a trend reversal. A break above $0.18 would strengthen bullish continuation signals.”
With buyers stepping back in, the market will watch whether HBAR can sustain momentum above nearby resistance. The next major target sits around $0.16, followed by the deeper supply block around $0.18–$0.20.
However, analysts caution that maintaining the $0.13–$0.14 support is essential. A failure to hold this level could reopen downside risk toward the lower consolidation region.
For now, Hedera’s rebound provides a constructive signal for bulls, showing that strong demand remains active at key structural support despite broader market volatility.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.