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HBAR is currently trading at a critical support level, presenting multiple bullish signals that could pave the way for a significant rally. If this support zone holds, the price of Hedera’s native token may see a potential 42% increase, targeting the $0.265 daily resistance level in the coming days.

HBAR’s Current Market Position

The Hedera (HBAR) token has experienced downward pressure recently, with its price trending lower and approaching oversold conditions on shorter timeframes. Despite this correction, the current price level holds strong technical significance and could act as the foundation for a bullish reversal. With price action sitting on a robust confluence zone, the possibility of a sharp recovery remains high if buyers step in.

Technical Structure Remains Bullish

From a structural perspective, HBAR continues to exhibit a bullish trend. The sequence of higher highs and higher lows remains intact, with the current retracement likely forming another higher low within this broader trend. This correction does not appear to invalidate the overall bullish outlook.

Key Technical Points to Watch

  • Fibonacci & VWAP Confluence: The price is reacting at the 0.618 Fibonacci retracement level, which aligns with the VWAP (Volume-Weighted Average Price) support.
  • Oversold Conditions: Lower timeframes indicate oversold conditions, suggesting a potential exhaustion of selling pressure.
  • Target Resistance at $0.265: A potential rally could aim for this daily resistance level, offering a 42% upside from the current price.

Why This Support Zone is Critical

The current support zone is not arbitrary. The 0.618 Fibonacci retracement level, a key indicator in trending markets, aligns with the VWAP support, an important dynamic level that institutional traders often monitor. This overlap creates a compelling technical base for a possible bullish continuation, assuming the zone holds firm.

The setup is unfolding in a textbook manner: the price is gradually declining into the support zone while momentum weakens. The next move will largely depend on trading volume. If buyers enter the market at this level, momentum could shift quickly, driving the price toward the $0.265 resistance level. This resistance aligns with prior daily supply zones, making it a key area to watch.

Analyzing the Pullback

So far, the ongoing retracement does not suggest a reversal of HBAR’s bullish trend. Instead, the confluence of technical factors—strong support levels, low trading volume, and oversold conditions—indicates that this is likely a technical correction. As long as the current support zone holds, the bullish structure remains intact, favoring a continuation of the upward trend.

What to Expect Next

If HBAR maintains its position above this critical confluence zone, a rally toward $0.265 is the most probable scenario. A confirmed reaction at this level, accompanied by increasing volume, would signal a strong bullish reversal and a continuation of the prevailing upward trend. This could provide traders and investors with a significant opportunity to capitalize on the move.

Keep an eye on volume and price action in the coming days, as these will be key indicators of whether the bullish momentum is set to return.

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