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Hedera Hashgraph is showing early signs of weakness after rejecting from key resistance and losing structural support. A deeper correction to $0.18 could provide the foundation for a bullish reversal.
- $HBAR was rejected from the value area high and lost $0.26 key support.
- Price could correct to $0.18 — a confluence of point of control and 0.618 Fibonacci.
- Failure to reclaim resistance keeps $HBAR rangebound between $0.12 and $0.26.
Hedera Hashgraph ($HBAR) has lost momentum following a rejection from the value area high and is now trading below a critical level at $0.26, a key former support that has flipped into resistance. This development suggests the potential for a continued pullback, particularly as the recent bullish rally lacked structural support zones, leaving a price vacuum beneath current levels.
The rejection from the value area high has confirmed a new swing high and introduced bearish pressure into the structure. Since price failed to establish any meaningful support during its prior impulsive move up, $HBAR is now vulnerable to correcting all the way down toward the point of control, currently situated around the $0.18 level.
Key technical points:
- Rejection from Value Area High: Price was rejected from $0.26, flipping former support into resistance
- Lack of Built-Up Support: Impulsive rally left a price vacuum down to the $0.18 level
- Point of Control + Fibonacci Support: Strong confluence around $0.18 could act as base for reversal
From a structural perspective, the price action suggests that $HBAR is transitioning into a broader range, with support at $0.12 and resistance at $0.26. The invalidation of $0.26 as support confirms the range-bound nature of the current market. If price continues to close daily candles below this resistance, the likelihood of further downside increases.
The $0.18 level, where the point of control and 0.618 Fibonacci overlap, presents the first major area where bulls could regain control. If $HBAR corrects to this zone and manages to build a base, it could form a higher low and resume the broader uptrend. However, failure to hold $0.18 opens the door to further downside, likely dragging price back toward the range support at $0.12.
While short-term momentum favors bears, long-term structure remains salvageable if the upcoming correction results in a healthy reset rather than a breakdown. Traders should closely monitor how price reacts to the $0.18 region over the coming days and weeks.
What to expect in the coming price action:
$HBAR is likely to continue correcting toward $0.18, where strong support exists. A bounce here could re-establish a bullish structure, while a failure to hold opens the way for further downside toward the $0.12 range support.