$HBAR is currently trading just below a major overhead resistance corridor lining up between $0.0960 – $0.0980. This specific zone marks a prominent distribution area where heavy selling pressure previously triggered the prolonged downward slide. Reclaiming this structural ceiling is vital for the bulls if they want to sustain the newly established upward momentum and flip the macro bias.
If buyers manage to slice through this $0.0960 – $0.0980 resistance zone then we could see a strong extension toward the next major liquidity pool located between $0.1020 – $0.1050. Conversely, a clean rejection at this overhead supply wall will likely drag the price back down to test the newly established demand base resting between $0.0820 – $0.0835.
The overall technical structure reflects a major volatility expansion that needs to form a clear higher low to remain healthy. Chasing long positions directly into a massive, multi-day overhead supply block presents an unfavorable risk-to-reward ratio. Exercising patience and monitoring the reaction at the immediate range boundaries remains the safest approach until a clear directional expansion prints.
