HBAR Technical Analysis Feb 3

HBAR has risen over 4% daily, successfully testing critical support at 0.09$, with RSI at 32.79 approaching oversold territory, setting the stage for a potential rebound; however, the overall downtrend and Bitcoin’s bearish signals may limit short-term optimism.

Market Outlook and Current Situation

Hedera Hashgraph’s native token HBAR is trading at 0.09$ after recording a 4.14% rise in the last 24 hours. The daily range is stuck between 0.09$-0.10$, and although trading volume has reached 103.54 million dollars, the overall market trend continues downward. This movement appears partially supported by Bitcoin’s 3.92% gain in an environment where altcoin season is weak, but HBAR remaining below EMA20 (0.10$) maintains short-term bearish pressure.

While market-wide volatility is at low levels, HBAR is attempting to stabilize after losses of up to 20% in recent weeks. In our multi-timeframe (MTF) analysis, we identified a total of 11 strong levels across 1D, 3D, and 1W charts: 2 supports/2 resistances on 1D, 1 support/2 resistances on 3D, and 2 supports/4 resistances confluence on 1W. These confluences indicate that the price will be stuck in the 0.0839$-0.0994$ range, and the breakout direction will determine the trend.

In the long-term perspective, HBAR is affected by the macro downtrend despite institutional developments in its ecosystem. Although the volume increase reflects speculative buying, it suggests a cautious approach when combined with the Supertrend indicator’s bearish signal. Investors can access detailed data from the HBAR Spot Analysis pages to evaluate their positions.

Technical Analysis: Key Levels to Watch

Support Zones

The strongest support level stands out at 0.0839$ (score: 76/100); this level is at the intersection of Fibonacci retracement on 1D and 1W timeframes with weekly lows. If price pulls back here, aggressive buying may come, but a breakdown would target the next 0.0469$ bearish level. The second support at 0.0907$ (61/100) is just below the current price and aligns with the 24-hour low; this will serve as a short-term hold point.

These supports are strengthened by MTF confluences. For example, the 0.0839$ level on the 3D chart aligns with the high-volume POC of the volume profile, increasing reversal potential. However, in the overall downtrend, a breakdown of these levels could trigger deeper corrections.

Resistance Barriers

The first resistance is at 0.0932$ (63/100), near EMA20 and coinciding with the local high of the recent rise. A close above it could turn momentum bullish. The more critical 0.0994$ (66/100) resistance is at the intersection of Supertrend resistance and 1D pivot; this is the key threshold for breakout.

The strength of the resistances is supported by 4 strong barriers on the 1W timeframe. If price advances toward 0.10$, leveraged opportunities can be evaluated via HBAR Futures Analysis, but false breakout risk is high.

Momentum Indicators and Trend Strength

RSI (32.79) is approaching the oversold threshold (30), signaling short-term recovery; divergence is observed, which may indicate seller exhaustion. MACD maintains negative momentum with a bearish histogram, trading below the signal line, and requires a close above 0.0932$ for crossover.

EMAs are in bearish alignment: Price is below EMA20 (0.10$), with EMA50 (0.105$) and EMA200 (0.12$) higher up. Supertrend is bearish with resistance at 0.11$. Trend strength measured by ADX is around 25, indicating moderate downtrend dominance. If RSI divergence strengthens on the 4H timeframe, a bullish divergence could target 0.1358$.

Overall, momentum is weakly bearish, but oversold conditions open the door for a rebound. Rising volume in the volume oscillator confirms buyers entering.

Risk Assessment and Trading Outlook

The risk/reward ratio in the bullish scenario is around 1:2.5 with a 0.1358$ target (score 30) and 0.0839$ stop-loss; on the bearish side, 0.0469$ target (score 22) with 0.0994$ stop offers a similar ratio. The general outlook is neutral-bearish, with short bias prevailing unless the downtrend breaks. With low volatility, BTC movements will be decisive.

A breakout above 0.0994$ is required for bullish outlook; in that case, the 0.11$-0.1358$ range is targeted. In the bearish scenario, a close below 0.0839$ opens the way to 0.07$. Risk management is critical: Position size should be limited to 1-2%, trailing stops recommended.

Bitcoin Correlation

HBAR shows high correlation with BTC (0.85+); BTC’s downtrend and Supertrend bearish signal give a caution signal for altcoins. While BTC seeks support at 78,509$, main supports are 78,426$, 74,604$, and 63,235$. For HBAR recovery, BTC needs to break 79,312$ resistance; otherwise, if BTC retreats to 74,604$, HBAR will test 0.0839$.

BTC resistances are 79,312$, 83,548$, and 87,762$; rejection from here pressures HBAR. Rising BTC dominance will hinder altcoin rallies; HBAR traders should prioritize monitoring BTC levels.