Will HBAR Hit the Jackpot? These Levels Could Decide Its Fate!

HBAR bulls have managed to carve out a rather impressive bullish structure on the daily chart.
Fibonacci retracement levels stand like stubborn obstacles, and we might just witness a short-term range formation—oh, the drama!

Hedera [HBAR] had been chugging along, heading upwards like a tractor on a slow but steady journey. Yet, over the last three days, its momentum has, let’s say, hit the brakes. Demand for the token remains strong, but the liquidation levels? They’re about to pull the strings on what happens next.

Hedera has pulled off a bit of a magic trick, confirming a bullish market structure. It breezed past the $0.194 level and set up shop in a nice, solid uptrend. Well done, Hedera.

And, behold, the bulls have reclaimed the 50% Fibonacci retracement level—measured from the glorious March downtrend when HBAR fell from a high $0.288 to a sad $0.125. Nice comeback, right?

For three straight days, buyers have held firm at the $0.206 support level, like a dog guarding its bone. But now, sellers are making a play for it once again. Bold, but are they brave enough?

Even with the threat of sellers looming, the OBV (On-Balance Volume) isn’t showing any real signs of panic. In fact, it’s been trending upwards since mid-April and even surpassed March’s highs. Now, that’s what I call persistent buying pressure. The HBAR train seems like it might just keep rolling toward $0.253—cue the confetti—if the market momentum stays strong. If Bitcoin [BTC] and the altcoin crowd keep their good vibes going, well, who knows? HBAR might just go on a bigger rampage.

Is HBAR About to Enter the Range Zone?

The 1-month liquidation heatmap is revealing a peculiar magnetic pull at the $0.2 and $0.23 levels. The market seems to have a thing for liquidity, and these levels? They’re like a magnet to a metal nail.

The $0.2 level? Just above the swing high from late March. And the $0.23 level? Slightly past the 61.8% Fibonacci retracement—nothing too fancy, but definitely worth noting.

If you zoom in on the 1-week liquidation heatmap, the $0.2 level starts to feel a little more important. A nice little buildup of liquidity, right where the market price is hanging out. Could we be seeing a move to $0.195-$0.2 in the near future? It’s a strong possibility.

Once that liquidity sweep is done, expect a bullish reversal. Traders, hold onto your hats, but make sure to manage your risk responsibly. If all goes as planned, that bullish reaction might just take HBAR to $0.23. But, of course, no one knows for sure. Could it go higher? Well, the market’s a fickle beast. So, don’t be surprised if HBAR just takes a little pause, like a kid deciding whether or not to eat the cookie. Range formation, here we come!

2025-05-15 10:26

Is HBAR About to Enter the Range Zone?

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