HBAR · 1H · UPTREND
Price launched from the 0.0640–0.0650 base on massive volume around August 19–20, ripping through every prior resistance level and tagging 0.0790 before pulling back to the current 0.07657. That move was nearly vertical — from 0.0640 to 0.0790 in roughly 48 hours — and price is now digesting near the top of the range. The structure is unambiguously bullish: higher lows across the entire chart from early August, a clean breakout above the 0.0700–0.0720 congestion zone that held for weeks, and volume that dwarfs anything seen on the left side of the chart. My read is that this pullback is a time correction, not a reversal — the 0.0728 area is where the liquidation cluster and prior breakout confluence sit, and that's the level that matters for the bull case. HBAR spot ETF net assets grew from $47.09M to $52.15M between August 18–20 with fresh inflows, which confirms the move had real demand behind it, not just leverage.
I'm not chasing here at 0.07657 after a near-parabolic leg. I'm waiting for price to either hold above 0.0750 and break the recent high, or pull back toward the 0.0728 liquidation cluster where I'd get a structurally clean entry. Mid-range here between 0.0728 and 0.0790 gives me poor R/R — I want price at a defined level, not floating between them.
LONG SCENARIO
Confirmation
0.0795
Closing above 0.0795 on the 30m/1H with the 0.0791 liquidation cluster cleared confirms bullish continuation — that sweep clears the dense short-side fuel above and opens the path to new highs; alternatively, a clean hold and reclaim of 0.0750 on a pullback with a strong rejection wick also confirms the bull structure.
Invalidation
0.0677
Structure invalidated on a close below 0.0677, which is the dense liquidation cluster below — a sweep of that level would signal the corrective move is deeper than a normal reset and the full breakout leg is failing.
Target 1
0.0830
Measured move from the 0.0640 base adds roughly 0.0150, projecting to the 0.0790 breakout point and extending to 0.0830 as the first clean objective; also a natural round-number extension above the prior high.
Target 2
0.0900
Next significant psychological level and extended projection from the full consolidation base width.
Risk/Reward
from 0.0795 confirmation to 0.0830 target is 0.0035, from 0.0795 to 0.0677 invalidation is 0.0118 — but from 0.0750 pullback entry the math improves: 0.0080 to target vs. 0.0073 to invalidation at 0.0677, giving roughly 2.2:1 to Target 1 and better to Target 2
Confidence
MEDIUM — structure is clean and inflows confirm demand, but funding at 0.0100% per 8h means longs are already paying shorts and the crowded long side is vulnerable to a sweep of the 0.0728–0.0689 liquidation clusters before continuation
Resistance: 0.0791 / 0.0803
Support: 0.0728 / 0.0677
This is not financial advice. Content is AI-generated.