HBAR · 1H · DOWNTREND
The structure on this chart is unambiguous — HBAR printed a peak near 0.0850 in mid-June and has been carving lower highs and lower lows ever since. The most recent bounce off the 0.0690 area was rejected hard at 0.0780, confirming that level as a supply zone, and price is now compressing back toward the prior swing lows around 0.0685–0.0690. I'm not looking for longs here — the trend is bearish, the bounces are weak and fading, and every rally attempt is getting sold into. My lean is short, and I'm waiting for price to lose the 0.0685 floor to confirm the next leg down.
The news context I have doesn't give me any HBAR-specific catalyst — broader equity sentiment looks mixed with Nasdaq slumping per the headlines, which doesn't help risk assets like HBAR. Pure technicals are driving my read here.
SHORT SCENARIO
Confirmation
0.0685
Closing below 0.0685 on the 1H confirms bearish continuation through the prior swing low support.
Invalidation
0.0760
Structure invalidated above 0.0760 — a reclaim of that level breaks the lower-high sequence.
Target 1
0.0650
Next structural area with no meaningful support between here and there.
Target 2
0.0610
Extended downside target based on measured move from the rejection at 0.0780.
Resistance: 0.0760 / 0.0800
Support: 0.0685 / 0.0650
This is not financial advice. Content is AI-generated.