HBAR – Preparing for the Next Move 🚀

[m_c_jacob]

After the incredible leg up last year — a 10x rally from the lows — HBAR entered a healthy correction phase starting from the 0.40 local top. The decline extended until April this year, when the price printed a strong low around 0.125.

What followed was a rebound and then another leg down, which together created a clear double bottom — a structure that has now confirmed 0.125 as a major support zone.

During the summer, HBAR delivered a new impulsive rise, and the correction that followed has been unfolding within a falling wedge pattern — typically a bullish continuation setup.

At this stage, I’m tracking two possible entries:

Buy the dips — if the price revisits the 0.20 area or slightly below, near the lower wedge boundary.

Breakout confirmation — if the wedge resistance breaks to the upside with strong momentum.

In both cases, my medium-term target remains around 0.40, which aligns with the previous local top and key resistance.

The structure looks constructive — a higher low formation and a compression phase that often precedes a breakout. Let’s see if HBAR can confirm the next bullish wave soon.