HBAR Market Update – May 4, 2025
HBAR remains in a consolidation phase, hovering above the previous swing lows from April 24 and 30 (around $0.18). Price action suggests a potential B-wave correction, but there's no confirmed trend reversal yet.
Technical Summary:
Key Support Zone (B-Wave Target):
$0.168 – $0.138 (Fibonacci retracement zone) – Possible bounce area if price dips further.
Short-Term Support:
$0.175 – A break below this level increases the likelihood of further downside toward the support zone.
Resistance Levels:
$0.191 – $0.192 – Immediate resistance
$0.202 – Key breakout level
$0.23 – $0.25 – Next targets if $0.202 is broken
Market Structure:
The rally from April 30 low was only a 3-wave move, not enough to confirm a bullish reversal. If price stays below $0.192, the downward bias remains.
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Trade Setup for May 4, 2025:
Scenario 1 – Bullish Breakout
Entry: Above $0.202 (confirmed breakout)
Target 1: $0.230
Target 2: $0.250
Stop Loss: $0.188
Scenario 2 – Buy the Dip
Entry Zone: $0.168 – $0.138
Target: $0.18 – $0.20 (short-term bounce)
Stop Loss: Below $0.132
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Conclusion:
HBAR needs to break above $0.202 for bullish continuation. Until then, expect sideways or downward action toward the support zone. A bounce from $0.168–$0.138 remains a valid bullish setup if price reacts positively there.