Hedera's HBAR has dropped roughly 24% from its September 28 close, sliding back toward the $0.09 area after a two-week pullback. According to analyst Lana Valentis, the weekly chart may still be positioning for another significant upward move if key support holds.
The main technical zone is between $0.084 and $0.093. Valentis notes this area previously acted as an important pivot and is now being retested after the correction. The broader chart structure resembles a rounded base, with HBAR recovering from summer lows before pulling back into the same zone.
If buyers defend that support, the first upside target is around $0.13, which aligns with earlier resistance and recent swing structure. Beyond that, the chart maps additional levels at $0.20, $0.31 and eventually $0.40.
Valentis also points to Hedera’s expanding tokenization narrative. Users can now access tokenized equity exposure through HashPack and SODAX, adding another real-world asset angle to the network. This fits Hedera’s broader push into institutional-grade tokenization and enterprise infrastructure. The market had already reacted positively in late September after The Hashgraph Group’s IDTrust was validated and listed in the IBM Cloud Catalog, though that does not prove IBM is directly adopting HBAR or automatically creating token demand.
The recent 24% retracement shows that positive ecosystem news alone is not enough without technical support. The bullish case depends on buyers defending the $0.084–$0.09 zone; failure would weaken the setup quickly.
