HBAR price has faced rejection at $0.30, triggering a corrective pullback. However, support at $0.18 is positioned as a key bullish order block, giving price action room to continue higher.
Summary
- HBAR rejected from $0.30 resistance, triggering a corrective move.
- $0.18 stands as key support and bullish order block.
- Holding support could enable a rally toward $0.39.
Hedera Hashgraph (HBAR) was recently rejected at the $0.30 resistance level, leading to a short-term bearish expansion. Despite this rejection, the market structure remains largely bullish, with strong technical confluence around $0.18 providing a potential foundation for price to resume its upward trajectory. HBAR looks primed for a breakout, supported by its bullish formation and boosted by Grayscale’s recent move to register a Hedera Trust ETF. As long as this zone holds on a closing basis, the probability of another rally toward higher resistances remains strong.
HBAR key technical points:
- Rejection at Resistance: Price was rejected from the $0.30 level, a high-time-frame resistance.
- Support Zone: $0.18 acts as a bullish order block and structural support for continuation.
- Upside Potential: Sustaining this level could propel HBAR toward $0.39 in the next expansion.
The rejection at $0.30 came after several attempts to break through, highlighting the strength of this resistance zone. Price responded with a corrective decline, but this retracement is not necessarily bearish. Instead, it resembles a natural reset in a bullish market structure, giving buyers the chance to re-enter at lower levels before continuation.
The $0.18 level now becomes pivotal. This zone is not only a structural support but also aligns with a bullish order block, making it a key level to monitor. If HBAR manages to hold this region, it will confirm another higher low, maintaining the integrity of the bullish structure. The ability to defend $0.18 will determine whether price action can rotate back toward $0.30 and beyond.
Should the $0.18 base hold, the path to recovery points directly toward $0.30 as the first major upside target. A breakout above this resistance would confirm bullish strength and unlock the next technical target at $0.39. Such a move would represent not just a recovery but also an acceleration of the broader bullish trend that has been developing for weeks.
Volume remains the deciding factor. Current activity has been subdued during the corrective leg, but historical price action shows that bullish expansions on HBAR are always accompanied by sharp increases in volume. Therefore, it is important to watch for strong influxes of buying momentum at support.
What to expect in the coming price action
HBAR’s pullback is corrective but remains bullish as long as $0.18 support holds. A move back toward $0.30 resistance is likely, and a breakout above could propel price action toward $0.39.
