HBAR is currently situated between key support and resistance zones, creating uncertainty in its price dynamics.
Current Price Dynamics of HBAR
At this moment, HBAR is oscillating within two main support and resistance zones, represented by red blocks on the chart. In the 2021 cycle, HBAR successfully established a strong base at the lower red support and managed to break through the resistance on the first attempt. This time around, the setup has diverged slightly; HBAR briefly dipped below the lower support and faced rejection at the resistance during its initial breakout attempt.
Consolidation and Its Significance
Rekt Capital suggests that HBAR may require more time consolidating within this range before a breakout can materialize. The macro pattern remains intact, but the momentum appears more hesitant compared to the previous cycle. For a bullish confirmation, HBAR must secure a weekly close above the top resistance.
Potential Scenarios for HBAR
Rekt Capital outlines two outcomes that could reinforce a bullish case: * HBAR holds the Range Low as support, keeping consolidation healthy. * If the price dips below the support box again, it must form a higher low to avoid breakdown risk. In short, HBAR is in a familiar setup—but patience is key.
Currently, HBAR requires confirmations of its resilience in the price range. Monitoring support levels will be crucial to determine the asset's future dynamics.
