Hedera’s Market Structure: A Critical Support Retest Signals Strength

A seasoned market analyst has highlighted a key technical event for Hedera ($HBAR )—a successful retest of its long-term baseline support. What makes this level particularly significant? It aligns perfectly with the 0.618 Fibonacci retracement of the last bullish wave—a crucial area in technical analysis that often signals strong price reversals.

For those unfamiliar, the 0.618 Fib retracement is one of the most important levels in crypto trading. When an asset finds support here, it indicates high probability of price stabilization and potential upward movement. In the case of $HBAR /USDT, this support level was tested twice on a wick, followed by a solid green candle closing above the 0.5 Fib level—a clear bullish signal.

Looking at the bigger picture, the grey baseline on the chart represents a historical support level from late 2021. When it broke, $HBAR entered a prolonged bear market, leading to a period of accumulation and consolidation below this zone. However, after a strong breakout with high trading volume, HBAR has reclaimed this key level, which is now acting as solid support once again. This confirms a bullish outlook for the broader crypto market.

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