HBAR Technical Analysis Feb 2

HBAR, with a strong 5.11% rise in the last 24 hours climbing to the $0,09 level, is advancing towards critical support zones within the general downtrend and solidifying its place on investors’ radars.

Market Outlook and Current Situation

Hedera Hashgraph’s native token HBAR is trading at $0,09 on the daily timeframe and attracting attention with a 5.11% increase in the last 24 hours. The daily range is forming between $0,09 – $0,10, while trading volume reaches 142 million dollars, signaling some liquidity inflow into the market. However, the overall trend is still moving downward; the price continuing below EMA20 ($0,10) maintains short-term bearish pressure. This movement reflects HBAR’s resilient stance in the general consolidation process of the altcoin market, exhibiting relatively positive performance compared to many competing tokens overshadowed by Bitcoin.

While volatility is ranging at low levels across the market, HBAR’s this jump is likely stemming from short-term short squeezes. The Supertrend indicator is still giving bearish signals and pointing to the $0,11 resistance. In multi-timeframe (MTF) confluence, 13 strong levels have been identified: 2 supports/4 resistances on daily, 3 resistances on 3-day, and 2 supports/4 resistances on weekly. This structure suggests that the price may enter horizontal consolidation in the near term, but downside risks remain dominant.

Despite no significant news flow in the HBAR ecosystem recently, the network’s institutional adoption potential—especially DeFi and NFT integrations—continues to attract long-term investors. The price challenging the EMA20 around $0,10 will be a critical test for trend reversal; if unsuccessful, deeper corrections may come into play. In this context, I recommend checking the detailed charts by reviewing HBAR Spot Analysis.

Technical Analysis: Levels to Watch

Support Zones

HBAR’s strongest support level is positioned at $0,0839 (score: 68/100), this region also forms a confirmed base on the weekly timeframe. If the price pulls back here, the likelihood of buyers stepping in is high; as it coincides with previous swing lows and is a strong accumulation area according to volume profile. The second critical support at $0,0918 (score: 61/100) aligns with EMA50 on the daily chart, serving as the first line of defense in short-term pullbacks. A break below these levels could trigger more selling pressure in MTF confluence and lead to the $0,08 psychological barrier.

Resistance Barriers

Leading resistance at $0,0935 (score: 84/100), a ceiling tested but not broken in the recent rise. This level is supported by dense sell orders on daily and 3-day timeframes. Upper levels $0,0975 (71/100) and $0,1015 (68/100) overlap with EMA20 and Supertrend resistances, providing double confirmation. For a breakout towards $0,11, a clear break of $0,0935 is first required; otherwise, the price may be rejected at these barriers and gain downward momentum. The dominance of weekly resistances emphasizes that the trend has not yet turned bullish.

Momentum Indicators and Trend Strength

RSI (14) is trading near the oversold region at 34,21 level, indicating potential for short-term reaction buying—however, if it falls below 30, divergence risk increases. MACD histogram is negative and maintaining bearish crossover, showing momentum remains weak. In the EMA hierarchy, price is trapped below EMA20; EMA50 ($0,095) and EMA200 ($0,12) represent the upper long-term resistances. Supertrend in bearish mode positions $0,11 as resistance, while ADX (average directional index) around 25 signals low trend strength—this confirms the market is searching for direction.

Multi-timeframe analysis reveals that the daily bearish bias aligns with the 3-day and weekly downtrends. Upon examining the volume profile, buying volume decreases at resistances; this raises questions about sustainability. Stochastic oscillator is also oversold in the %20s, but recovery may remain limited without MACD histogram expansion. Overall, momentum indicators paint a neutral-bearish picture; for a bullish scenario, RSI rising to 50 and MACD line crossover should be awaited.

Risk Assessment and Trading Outlook

Bullish target set at $0,1359 (score:48), this level aligns with Fibonacci extensions and represents 50% retracement from previous highs. On the bearish side, $0,0469 (score:22) signals a deep correction, which could be triggered by a break of $0,0839 support. Risk/reward ratio from current $0,09 to bullish target is 1:5, to bearish 1:4, balanced; however, position sizing is critical considering volatility. Market outlook is consolidation-focused in the short term, a break of $0,0935 could be an upside catalyst, while loss of $0,0918 accelerates selling.

For traders, leveraged positions can be evaluated via HBAR Futures Analysis; however, due to the overall downtrend, tight stop-loss (below $0,0918) is essential for longs. In the long-term outlook, HBAR’s utility (high TPS, low fees) is supportive, but macro risks (regulation, liquidity) keep the downside scenario alive. A balanced approach highlights long/short straddle strategies at supports.

Bitcoin Correlation

HBAR is an asset exhibiting high correlation with Bitcoin (%0,85+) among altcoins; BTC’s downtrend at $78.768 level directly impacts HBAR. If BTC tests $77.535 support, HBAR could be pulled to $0,0918; breaks of $74.604 and $63.235 could push HBAR below $0,0839. Conversely, if BTC breaks $79.396 resistance (followed by $82.075 and $84.450), HBAR could jump to $0,1015. BTC Supertrend being bearish is a red flag for altcoins; HBAR’s relative strength may remain limited, dominance increase heightens selling pressure.