๐ HBAR Market Update: Is the Correction Nearing an End? ๐
๐ HBAR in Extended Correction Mode!
Since December, HBAR has been in a prolonged correction, currently forming a Wave 4 pattern that could either extend further or set the stage for a reversal.
๐ Key Technical Levels & Structure:
๐น Support Zone: $0.098 - $0.167 (Critical Fibonacci range)
๐น Breakout Point: A push above $0.218 could signal a shift toward bullish momentum.
๐น Bearish Case: A break below $0.175 could lead to deeper correction, possibly testing $0.128 as a final support.
๐น Next Targets (If Reversal Happens): $0.28 โ $0.39 โ $0.49
๐ Trend Analysis:
โ No clear impulsive downside move, leaving the door open for a breakout.
โ ๏ธ Triple bottom formations often trigger temporary bounces rather than sustained reversals.
โก Possible B-wave overshoot before final correction completes.
๐ Final Thoughts:
HBAR is at a make-or-break level. The next move depends on whether support holds or fails.
๐น Bullish Case = Break above $0.218
๐น Bearish Case = Drop toward $0.128
๐ฏ Traders, whatโs your play? Are you accumulating or waiting for confirmation? Drop your thoughts below! ๐