Hedera (HBAR) Stabilizing After Sharp Drop – Bounce Incoming?
$HBAR is trading at $0.24808 after a steep decline, but the recent long lower wick near $0.245 suggests buyers are stepping in. The price is now consolidating above this support zone, indicating a potential short-term bounce. If bulls can hold this base, a move toward the $0.259–$0.265 resistance area is likely. A break below $0.244 would signal further weakness.
Trade Setup:
Entry (Long): $0.2460 – $0.2490
Stop Loss: $0.2430
Target 1: $0.2540
Target 2: $0.2590
Target 3: $0.2640