HBAR Technical Analysis Feb 5

HBAR has retreated to the $0.08 level with a sharp drop, with RSI at 28 indicating the oversold region; if the critical $0.0839 support breaks, deeper losses may come into play.

Market Overview and Current Position

Hedera Hashgraph’s native token HBAR is trading at the $0.08 level with a 7.19% loss over the last 24 hours. A clear downtrend dominates the daily timeframe, while 24-hour trading volume has declined to $163.50 million, indicating increased selling pressure. Weakness in altcoins across the market has also affected HBAR, bringing the price closer to the lows of recent weeks. The 24-hour range is stuck in the $0.08-$0.09 band, and the decrease in volume signals that buyers have not yet entered.

When examined in a multi-timeframe (MTF) context, a total of 7 strong levels were identified across the 1D, 3D, and 1W charts: 1 support on 1D, 1 support/1 resistance on 3D, and 1 support/4 resistances on 1W. This confluence emphasizes HBAR’s vulnerable position in the short term. Overall market sentiment is negative; altcoin rotation has stopped alongside Bitcoin’s 6.74% drop. Considering HBAR’s market cap and ecosystem developments, these low levels could offer a base formation opportunity, but optimism is premature without a trend break.

In the long-term perspective, HBAR’s enterprise-focused network advantages (fast transactions, low fees) remain valid, but current macro pressures are dominating the price. Those wishing to check detailed data for HBAR Spot Analysis can examine the current spot market dynamics.

Technical Analysis: Key Levels to Watch

Support Zones

HBAR’s strongest support level stands out at $0.0839 (score: 87/100); this level shows high confluence on the 1D timeframe and serves as a critical base in multi-timeframe analysis. The price is currently struggling to hold just above this level, but the drop in volume has increased the breakout risk. If broken, the next potential supports could shift to around $0.07 from 3D and 1W levels in MTF, which would mean testing the lowest points of recent months. This support is also confirmed by Fibonacci retracements and volume profiles, making it the first point to watch for a potential bounce.

Resistance Barriers

There is no prominent strong resistance level (score >=60) at the moment, but short-term EMA20 ($0.10) and Supertrend resistance at $0.11 form strong barriers. As long as the price remains below these levels, upward movement will stay limited. There are 5 resistance levels on 3D and 1W, with the nearest concentrating around $0.12. This gap supports the continuation of bearish momentum; volume increase is required for an upside breakout.

Momentum Indicators and Trend Strength

RSI(14) is at 28.15 in the oversold region (below 30) and close to giving a divergence signal; this indicates potential short-term reaction buying but is insufficient to reverse trend strength. The MACD histogram is negative with a bearish crossover active, and the signal line is rapidly expanding below zero. This combination confirms that downside momentum remains dominant. The Supertrend indicator is giving a bearish signal, and with the price settling below EMA20, the short-term trend is weak.

In terms of trend strength, ADX is above 25 and in the down direction; this implies the trend is maturing but showing signs of exhaustion. Bollinger Bands have contracted, and proximity to the lower band reflects consolidation before a volatility explosion. Overall, momentum is bearish, but oversold conditions are noteworthy for bottom hunters.

Risk Assessment and Trading Outlook

In terms of risk/reward ratio, the bearish target is $0.0313 (score:22) 60% below the current price, while the bullish target is $0.1324 (score:30) 65% above. However, due to low scores, probabilities are unbalanced; the bearish scenario appears more likely. If the $0.0839 support holds, a 10-15% bounce to $0.10 is possible, but in case of a break, stop-losses should be pulled below $0.07. The HBAR Futures Analysis page offers additional insights for leveraged trades.

Overall outlook is bearish: While the downtrend continues, tracking oversold bounces is recommended for risk-takers, but the setup is weak. Limit position sizes to 1-2% risk and monitor news flow. In a balanced scenario, sideways consolidation is expected between $0.08-$0.09.

Bitcoin Correlation

HBAR shows high correlation with Bitcoin (%0.85+); BTC’s 6.74% drop to the $69,072 level triggered a selling wave in altcoins. BTC Supertrend is bearish with main supports at $69,163, $64,576, $57,064; a break of these levels could drag HBAR below $0.07. Conversely, if BTC recovers toward resistances at $71,048, $74,257, $78,710, limited relief may be seen in HBAR. BTC’s downtrend is a red flag for altcoins; HBAR should wait for BTC stabilization for independent movement.