š¹ Hedera ($HBAR ) ā Fifth Wave Attempt in Play š¹
š Current Setup:
Price respected Fibonacci & structural support at $0.224 (38.2% retracement of Aug. rally)
Bounce aligns with Wave 4 ā Wave 5 upside scenario within a larger Wave 3
Structure remains tricky (corrective in nature), but upside bias intact while holding key support
š Key Levels:
Primary Resistance: $0.280 (multiple prior swing highs + Fib extension)
Major Upside Targets:
$0.33 ā Wave 5 measured move
$0.39 ā Extended target if breakout gains momentum
Critical Support:
$0.234 (78.6% retracement of Aug. 2ā10 rally) ā must hold for bullish scenario
Below $0.234 ā structure risk increases significantly
š Scenarios:
Bullish Path: Hold $0.234 ā Push through $0.280 ā Next targets $0.33, then $0.39
Bearish Risk: Drop below $0.234 ā Potential breakdown of current wave structure
š” Market Takeaway:
HBAR defended the $0.224 support perfectly and now eyes $0.280 resistance. A clean breakout could accelerate gains toward $0.33ā$0.39, but losing $0.234 would put the rally at risk.
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