🌀 Current Market Structure

At the moment, we’re seeing a potential low around October 17th, but it’s still unconfirmed.

The most important thing right now:

🔑 HBAR needs to break above the October 10th swing high — around $0.217 — to confirm a breakout.

Until that happens, the price remains rangebound, and the short-term pressure looks slightly bearish.

⚠ Why $0.217 Matters So Much

Without a clear move above $0.217, there’s no reliable bullish signal.

Many altcoins — like Dogecoin and others — are showing similar setups.

We can monitor moves toward resistance, but until we break out, these remain sideways consolidations.

đŸ§© Wave Count Outlook

After the news-driven rally on October 28th, HBAR may have topped in a (B)-wave.

That move could now be leading into a (C)-wave down, potentially forming in five sub-waves.

This suggests a 1–2, 1–2 setup, which implies the possibility of another short-term decline before forming a stronger base.

A key support to watch:

đŸ§± $0.155 — the swing low from October 17th.

However, with an overshooting (B)-wave, the final (C)-wave doesn’t necessarily need to go below that low.

📈 What If We Break Above $0.217?

If $HBAR manages to break above $0.217, that would mark a major structural shift and could open the door to higher targets.

Next resistance to watch:

$0.305 — a key mid-term resistance zone.

Above that, we can start projecting higher impulsive moves.