HBAR Price Analysis: Analyst Watches $0.084 After 10% Rally Tests Weekly Resistance

The BraveNewCoin chart records $0.08087, up 10.22%, while TradingView displays $0.08060 at press time. Both charts indicate buyers picking up HBAR at $0.073 and $0.08, in turn.

The rally puts HBAR in a technical decision area. The price is near the top of a down weekly channel on the X chart. In the interim, there is positive capital flow, but a strong ending that is followed by a cooling-off period. A breakout will require a sustained move above the resistance level when it occurs. Weekly closes actually are more important than short-term rallies.

HBAR Price Analysis Tests Weekly Resistance

The X chart Aragorn Windbreaker is a chart that shows the lows in a downtrend. Recently, Price tested the lower trendline and is now testing the upper trendline of the channel. The analyst also sees a weekly bullish divergence between price and the momentum indicator.

That divergence results when the price falls, and the indicator sets up a higher low. It indicates a possible sign that selling weakness is over, but not necessarily a sign of reversal.

The analyst chart compares the setup with the November 2024 one, where HBAR is said to have more than quadrupled in value within two months. Source: Aragpn Via X

This same chart indicates two gaps above the current price that are fair value in orange. These areas are early market imbalances.

They may lead to a price confirmation, or they may generate resistance. The historical comparison is not a measure of how the present setup is to be compared with the 7-fold.

Intraday Rally Reclaims the $0.08 Level

Meanwhile, the market data chart is trending upward, rising from around $0.073 at the time of the measurement period. HBAR hit new lows the day before, then caught up to $0.08087. The price’s 10.22% rally brings it back to close to the highest point of the day.

Market data charts show that market capitalization is $3.54 billion, with daily trading volumes of $73.35 million. The total number of HBAR in circulation is 43.83 billion. Source: BraveNewCoin

Price and weekly volume are positive, with the volume being quite active as well, all of which adds to the possibility of a breakout attempt, though weekly close prints will be needed for confirmation.

Additionally, HBAR is down 85.79% from its record high of $0.57. Thus, the current increase alters the short-term trend but does not reverse the long-term decline. The $0.081 to $0.084 price range has now become the next support level following the pullback from $0.08.

TradingView Shows Positive Capital Flow

At press time, the TradingView chart is showing HBAR heading towards $0.0806 from $0.0755. The price gradually rises in the morning and rises fast after 14:00 UTC. Numerous Bollinger strategy buy markers form during pullbacks before the late advance.

Selling markers are found close to short-term extensions as well as markers around the last climb. The price then levels off around the intraday high.

The chart reveals that the price action has settled at resistance, with most of the gains to the upside. Source: TradingView

Notably, in the eyes of the buyers, it also suggests that the momentum toward the upside has stalled.

Chaikin Money Flow reading remains slightly positive at 0.09. However, the price of CMF is down from a solid late-afternoon level. The current 1-minute volume is 14090 HBAR, which implies more activity is needed to keep the trend going.

Key HBAR Levels Define the Next Move

HBAR must sustain resistance at $0.079 and close above $0.081 to indicate a bullish continuation. If that move continues, it could open the door for $0.084 to $0.085 as prices get closer to the larger weekly time frame gaps. If the price had another surge and reached the breakout level again, it would be a better confirmation than a breakout retest.

If there is a neutral path, then HBAR will be in a range of $0.078 to $0.081 in the process of resetting volume. Below $0.078, sellers could target $0.076 and then $0.073. A loss of $0.073 would be enough to put pressure on the channel-breakout case and bring the weekly divergence under pressure again.