HBAR shows renewed price action on the daily chart after an extended decline, testing a vital horizontal support zone.
Current Price Action
At the time of press, HBAR's price stood at $0.2569, gaining 9.69% over the last 24 hours. Trading data records a 22.94% increase over the past week. A rebound from lows near $0.20 is clearly visible, as price action moved upward into a consolidation zone which served as both resistance and support in past sessions.
Chart Structure and Technical Indicators
The chart displays a rectangular range in the mid-$0.20s where buyers and sellers previously engaged. A simple moving average tracks slightly below the current price, functioning as dynamic support during upward moves. The Relative Strength Index remains above 50, signaling continued buyer activity. The Directional Movement Index shows the +DI above the –DI line, confirming market momentum.
Market Data and Key Levels
A tweet from Alpha Crypto Signal notes that HBAR is testing its horizontal support zone, attempting to reclaim this area after a prolonged downtrend. The importance of the $0.25–$0.26 region is highlighted, with resistance noted in the low-$0.30s and support near the previous swing low of $0.20. Trading volume remains robust, supporting the clear price structure displayed on the chart.
HBAR shows renewed trading interest, testing a critical price resistance zone. Continued market momentum, confirmed by technical indicators, suggests growth potential.
