HBAR was trading at $0.07404 at the time of reporting, up 3.38% over the past 24 hours and 2.79% on the week. Price strength has returned for now, but activity has cooled. Spot trading volume fell 10.28% from the previous period to $60.22 million, pointing to weaker participation as the token approaches a major resistance area.
The $0.074 to $0.08 zone is the short-term focus
Analyst More Crypto Online said HBAR is testing a resistance area in wave 2 of wave 3 under the yellow scenario. In that framework, the $0.074 to $0.08 range stands out as the main short-term level to watch. A clear move through that band could change the near-term technical picture and open the door to a wider trading range with fresh price targets under alternate scenarios.
HBAR is already pressing against the lower edge of that band. That makes the next move important. If bulls fail to force a break, price may remain stuck below resistance and continue to trade in a narrow range.
Nearby support and resistance levels are tightening
Initial support sits at $0.0642, while the first resistance level is $0.0793. If HBAR breaks above that area, the next level to watch is $0.0882. If momentum builds beyond that point, $0.1009 becomes another upside level on the chart.
The downside structure is just as clear. If the rebound fades and price slips under $0.0642, attention may shift to the next support near $0.0548, which could become a new base area. The range is relatively tight, but the reaction around these levels may define the short-term trend.
Moving averages and Bollinger Bands still show overhead pressure
TradingView data indicate that HBAR remains capped by short-term moving averages. The 20-day EMA stands at $0.07574 and the 50-day EMA at $0.08097, both above the current market price. On higher timeframes, the 100-day average is at $0.08704 and the 200-day average at $0.10253, leaving multiple layers of resistance overhead.
Bollinger Bands show a mid-band at $0.07643, an upper band at $0.08482, and a lower band at $0.06805. HBAR is trading below the middle band but above the lower band, a setup that reflects indecision rather than a clean directional break.
Futures positioning rises while trading activity softens
Derivatives data also present a mixed picture. Futures trading volume declined 6% to $96.39 million, yet open interest increased 2.99% to $95.03 million. The open-interest-weighted funding rate was 0.0099%. Lower volume with higher open interest suggests traders are still building or holding positions even as conviction remains split.
Over the last 24 hours, total liquidations reached $35,980. That included $5,240 in long liquidations and $30,740 in short liquidations. The heavier short-side wipeout shows that some bearish positions were forced out during the rebound, but with spot volume fading and resistance still intact, HBAR remains in a market that has not chosen a clear short-term direction.