Hedera (HBAR) Market Analysis – May 3, 2025
HBAR recently bounced from the strong support zone at $0.175 - $0.18, but the reaction has shown weakness. The price was capped at the 7-day VWAP, and open interest has been declining, indicating de-risking across the market.
Technical Overview:
Resistance Levels:
$0.189 (intraday resistance)
$0.20 (key breakout level)
Support Levels:
$0.175 - $0.18 (key demand zone)
$0.165 - $0.17 (next support if breakdown occurs)
Volume: Weak and declining
Sentiment: Cautiously bullish while above $0.175
Trade Setup:
Long Entry Zones:
Entry 1: $0.175 - $0.178 (buy on support bounce)
Entry 2: Above $0.189 (breakout confirmation)
Targets:
TP1: $0.189
TP2: $0.196
TP3: $0.20
Stop-Loss:
Conservative SL: Below $0.172
Aggressive SL: Below $0.174
Analysis Summary:
Short-term: Watch for bounce strength and volume near support.
Mid-term: Break above $0.189 could lead to consolidation and push toward $0.20.
Breakdown below $0.175 may lead to decline toward $0.165.