Hedera Price Analysis: Bullish Structure Points Toward $0.125 Resistance Break

HBAR Rebounds From $0.105 Demand Zone Toward $0.119 Resistance

Analysis of the token in the 4-hour time range indicates that the market organization is showing a significant improvement after a long period of a bear market.

As analyst Finora AI, HBAR / USDT responded strongly to the bottom in the range of about $0.105 to $0.110, forming a short-term higher-low pattern.

This response indicates that the selling pressure has lost its strength and buyers reclaimed the slightest levels in the intraday and stabilized the price action.

Source: X

The rebound has steered the token to a critical resistance and liquidity area around $0.11906, an area that used to be a breakdown area. In the coin models, such a zone has a high significance because of a possibility of liquidity grabs or fake breakouts.

Bullish candles or a break-and-retest in a lower timeframe would provide a decisive breakout in support to continue the next upside liquidity target of about $0.12242. The inability to capture this area may put off positive growth.

HBAR Gains 6.85% in 24 Hours, Approaching $0.12 Resistance

According to the HBAR 24-hour chart, the trend is quite bullish and the price has increased between the levels of about $0.106 and $0.116, which is a 6.85 % increase in a day.

This trend of rising is marked by rising highs and rising lows which imply that accumulation is being done on a controlled basis and not in spurts.

The trading volume has been steady in the range of $105 -$115 million implying that the market has had a long-term presence and has been healthy without over-volatility.

Source: BraveNewCoin

When viewed on a large scale, the token has a market capitalization of $4.95 billion and its supply is 42.78 billion tokens, which represents moderate liquidity.

In spite of the price still staying some 79.65% below the all time high of $0.57 in September 2021, the current price action is indicative of strength in this consolidation and recovery period.

In general, the technical short-term view is positive with a positive outlook to be taken upwards with resistance anticipated in the area of $0.115 to $0.12.

HBAR Climbs Toward $0.12 as Short-Term Bullish Structure Holds

At time of writing, the token in the daily chart indicates a managed positive gradual movement, where the price is moving out of the $0.106–$0.107 area to the range of $0.115 to $0.12.

The development indicates a gradual accretion, instead of furious speculative action, which indicates the sustainability of the emergent trend. The bigger short-run framework continues to be characterized by higher highs and higher lows.

Source: TradingView

This bias is also supported by the technical indicators. MACD histogram has just changed to slightly positive, which is an indication of early bullish momentum and the volume is very stable which indicates that the market is healthy and not exhausted.

According to the token models, the next technical block will be the one between $0.12 and $0.125, and the previous $0.112-$0.11 is already a structural support area. This wider bias is constructive provided that this support is maintained.