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Well, HBAR long journey from $0.576 to $0.055 is theoretically over. The not entirely pleasant trip lasted almost 10 months. The HBAR price reached the 2020 levels and started the braking process on the weekly timeframe. Of course, slow down is not a reversal. And it is worth seeing the HBAR rebound from the global mark of $0.055 first. However, given the last uncorrected HBAR fall wave from April 2022, the probability of breaking the $0.055 mark without a deep bounce upwards is extremely unlikely. 
Source: https://www.tradingview.com/x/yRbz72sM/ The first milestone that buyers should conquer is $0.086. It is at this mark that the first local rebound of the HBAR price can stop. It is from this mark that sellers will try to check the strength of buyers in the range of $0.055. Given the magnitude of the tragedy after the downtrend, it will take some time for buyers to gain positions for growth and buy out aggressive sellers at local lows. Therefore, it is not worth rushing to buy cryptocurrencies without checking the strength of buyers.
HBAR Technical Analysis On The Daily Timeframe
Source: https://www.tradingview.com/x/j9oP3YcF/ Analyzing the movement of the coin price on the daily time frame, we see the process of the market freezing. Each update of local lows occurs on reduced volumes. This fact indicates the weakness of sellers and their exhaustion. However, on the other hand, the approach of the HBAR price to the mark of 0.055 did not cause buyers a great desire to buy HBAR. Some are exhausted, others are afraid. Thus, until the HBAR price breaks out of the local channel of decline and is not fixed above the mark of $0.086, it will be quite valid to keep a position on HBAR. At the time of writing, buyers are unable to fix above the middle line of the downtrend channel. Therefore, the probability of a retest of 0.055 before the continuation of growth is quite high. From the 0.055 mark, you can risk buying HBAR, but, placing a stop order on the position. The first serious stop of the HBAR price in the case of the beginning of a growth wave is at the $0.15 level.
The HBARBTC Price Hints At A Strong Prospect Of The Fall Continuation
Source: https://www.tradingview.com/x/UoJ2zQ60/ The weekly HBAR chart confirms our concerns about buying this cryptocurrency risk-free. Buyers failed to take control of the 0.00000368 range. This range was broken by sellers in April 2021. For this, sellers made a lot of effort. Keeping this range by sellers indicates the total weakness of buyers. In addition, trading volumes in the HBARBTC market do not show any change of initiative in the market. Therefore, we would advise you to confidently buy this cryptocurrency either after the price is fixed above 0.00000368 or after the fall wave by 35-40%.