HBAR retests major multi-year support, $0.10 to $0.13 highlighted as key buy zone by analysts

HBAR’s price has once again approached a critical technical milestone, according to analyst reviews. Token Talk notes that the token has retreated to a multi-year ascending trendline, which it has respected since 2020, and a robust support zone. This area, clearly visible on the weekly chart, has historically marked the point where buyers have stepped in during notable market downturns.

Multi-year support zone gains prominence

In previous cycles, sharp pullbacks in HBAR’s value were met with strong demand near this trendline, helping preserve its long-term structure despite high volatility. After a powerful rally in 2021, HBAR underwent a prolonged correction, giving back much of its gains. During this phase, the price movements narrowed and volatility decreased, forming a “falling wedge” pattern according to analysts.

Analysts also highlight that the Relative Strength Index (RSI) has fallen to the mid-30s. This region has historically acted as a zone where potential recovery signals have surfaced. HBAR, the native token of the Hedera network, operates within an enterprise-focused distributed ledger known for high-speed transaction validation.

Technical reviews based on market structure highlight the $0.10 to $0.13 range as a stand-out buying zone. Within this band, multiple technical factors—such as a historic support area, re-test region after a breakdown, and long-term trend base—converge. Additionally, analysts point out that this range is close to the accumulation area from 2022 and 2023, when HBAR traded sideways.

Short-term resistance and downside risk under watch

According to the analysis, if buyers manage to defend current levels, HBAR could attempt an initial recovery toward the $0.18 to $0.20 range. If this area is breached, the $0.25 to $0.30 band—previously a cap on upward moves—may become the next upward target. This makes the current test critical for confirming any potential breakout to the upside.

However, MCO Global presents a more cautious view in the four-hour chart. The firm observes a short-term bearish Elliott Wave structure developing. The fact that HBAR’s price has spent a considerable period below a downward trendline indicates that sellers currently maintain the upper hand in the short run.

Mini glossary: The Elliott Wave theory is a technical analysis approach that tries to explain market movements through recurring wave patterns. Analysts typically track correction and main trend phases using this method.

In this scenario, the next downside target highlighted in the analysis falls within the $0.05 to $0.045 range. Conversely, to reduce the risk of further decline, the price must find footing above the $0.102 to $0.11 area. Until that happens, short-term recovery attempts are considered likely to remain as mere corrections.

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