The Hedera Hashgraph token (HBAR) is showing renewed strength as buyers attempt to breach a critical resistance zone that has historically capped rallies. According to technical analysis from More Crypto Online and data from BraveNewCoin, HBAR has recovered approximately 3% in the past 24 hours, currently trading near $0.074. The intraday high touched $0.0747, indicating that bulls are gradually absorbing selling pressure and establishing higher lows.
On the four-hour chart, analysts highlight the $0.074–$0.08 band as the key battleground. This zone coincides with multiple Fibonacci retracement levels and is viewed as the gateway to a larger wave-four recovery scenario under the Elliott Wave framework. A decisive push above $0.08 would invalidate the bearish structure and potentially open the path toward higher targets. However, the pattern remains preliminary, and failure to overcome this resistance could invite another round of consolidation or a pullback.
Shorter-term momentum indicators continue to favor buyers. The 30-minute chart reveals a series of higher highs and higher lows since the rebound began. The Moving Average Convergence Divergence (MACD) remains above the zero line with both lines trending upward, though the histogram has started to flatten slightly. The Relative Strength Index (RSI) has advanced to around 67 — approaching overbought conditions but not yet signaling exhaustion. This suggests that buying pressure persists, though traders may grow cautious if price stalls at the resistance.
Overall, the technical landscape is improving but hinges on a confirmed breakout above the $0.074–$0.08 supply zone. Until then, the recovery remains a work in progress, and market participants will closely watch whether bulls can muster enough volume to propel HBAR into a sustained uptrend.
