Analysts See HBAR Rebound Brewing if Price Reclaims $0.175 Key Level

Hedera Hashgraph (HBAR) is trading near $0.17 following a recent decline, with selling pressure persisting despite moderate trading volume. Analysts suggest that a sustained reclaim above the key $0.175 level is necessary to initiate a strong bullish reversal, potentially targeting the $0.35 to $0.50 range. Holding the support zone between $0.165 and $0.17 is critical to prevent deeper retracements.

Analyst Don identified a compression pattern on the 4-hour chart, emphasizing that reclaiming the ascending trendline (represented by the "red line") is essential for a breakout through descending resistance. Analyst ChartNerd noted that HBAR remains within a long-term ascending channel, with the current price consolidating near the channel's midpoint and major moving averages. Holding above the $0.16 area is vital to preserve this bullish structure and aim for the channel's upper resistance, which projects potential upside targets near or above $1.00 over the next cycle.

The consensus is that the next few sessions are critical; establishing price action above $0.175 will confirm renewed strength and shift sentiment toward recovery, potentially leading to gains toward $0.18–$0.19.

(Source：Brave New Coin)