HBAR rose 3% in 24 hours, eyes key resistance at $0.08 for further gains

HBAR has shown signs of recovery after a round of renewed buying over the last 24 hours. While the price has rebounded in the short term, technical indicators are now increasingly tilting in favor of the bulls. Nonetheless, analysts emphasize that the confirmation of a broader upward trend awaits a decisive break above a key resistance level.

Resistance zone could determine next move

Technical analysis highlights that HBAR is once again approaching the resistance area that capped its previous rally. Although overall market momentum appears positive, analysts observe that a strong breakout in this region is required to establish a clear and sustainable uptrend.

According to More Crypto Online, the $0.074–$0.08 range on the four-hour chart remains in sharp focus. This area is viewed as a vital technical threshold that could dictate whether the recovery continues.

Mini glossary: Elliott Wave Theory is a technical analysis approach that studies price movements as recurring wave patterns. Fibonacci levels are ratios used to identify possible support and resistance zones.

Based on Elliott Wave counts, HBAR faces resistance at the second stage of a potential third wave pattern. The convergence of multiple Fibonacci levels in this region raises its technical significance. Analysts suggest that a move above this band could open the door to a wider recovery scenario.

Short-term indicators support bullish momentum

On the 30-minute chart on TradingView, HBAR’s short-term momentum has strengthened. Following the latest rebound, the coin has established higher lows and higher highs, indicating continued dominance by buyers in the immediate term.

The MACD indicator remains above the zero line, and both the MACD and signal lines continue to move upward. While the histogram is showing some loss of momentum, the overall bias remains positive.

The Relative Strength Index (RSI) has climbed to around 67, signaling HBAR is nearing the overbought zone, but has not yet triggered a strong reversal warning. This setup points to continued appetite for buying, even as the risk of stagnation around resistance keeps a period of sideways movement on the table.

Price action supports recovery outlook

According to market data, HBAR was trading at approximately $0.074. Over the last 24 hours, the asset gained about 3%, while the daily high hovered near $0.0747. Despite some selling pressure during the session, the price managed to remain above its opening level, marking a steady intraday recovery.

While the overall technical outlook remains positive, the recovery is still incomplete. HBAR has returned to test a pivotal resistance area, and the price’s reaction here is expected to steer its next direction.

Short-term momentum stays supportive of further gains, and all eyes are now on whether HBAR can convincingly break above the $0.074–$0.08 band. A clear move above this region could signal the next stage of the recovery.

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