HBARUSD (HBAR) is consolidating near $0.16, down about 8% this week but showing signs of stabilization. The token remains inside a broadening wedge, with volatility building between $0.16 and $0.19 — the key resistance zone that could trigger a short squeeze.
If HBARUSD closes above $0.19, it would invalidate much of the bearish pressure, as over 76% of leveraged traders are short. A move beyond that could accelerate toward $0.23, $0.25, and $0.30 as liquidations kick in.
On the downside, losing $0.16 would weaken the current setup, while a breakdown below $0.15 could drag prices toward $0.12.
The RSI is forming a bullish divergence — higher lows against lower price lows — indicating fading selling pressure. As long as HBARUSD stays above $0.16, the bias leans toward a reversal rather than a breakdown.