HBAR continues to move within a descending channel on the higher time frame, with price now reacting near the lower third of the structure. The current positioning suggests that the next directional move will likely be decided within this zone.
Key points from the chart
Descending Channel Structure
• Price has respected both channel boundaries since early October.
• Each touch of the lower boundary has produced a short term rebound.
• Recent candles show slowing bearish momentum near the same zone.
Local Support Zone
• HBAR is testing a demand area that previously acted as a launch point.
• Reaction from this zone determines whether the market forms a new higher low.
Potential Bullish Scenario
• If HBAR maintains support, price may begin moving toward the middle band of the descending channel.
• A confirmed break above the internal trendline could open the path toward the next resistance levels near 0.152 and 0.204.
Potential Bearish Scenario
• A breakdown from the support region exposes the lower channel boundary.
• Failure to hold this structure may extend the decline toward deeper levels around 0.110 and possibly 0.079.
What to watch
• Strength or weakness around the current support zone.
• Reaction to the internal trendline.
• Volume confirmation on any breakout attempts.
Market stance
Neutral until the channel boundary or the resistance line is decisively broken.
