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HBAR Holds Near $0.23 With Breakout Hopes Riding on a High-Volume Close

Traders say a decisive close above $0.23–$0.25 on sustained volume is needed to target $0.30.

Hbar faces sharp selloff as technical breakdown deepens bearish trend

Overview

  • HBAR rallied to $0.23 on heavy volume before late-session selling trimmed gains, with price hovering in the $0.22–$0.23 range into Oct. 3.
  • Multiple chart setups point to a potential reversal, including a falling wedge, double bottom near $0.205, an inverse head and shoulders, and Elliott Wave counts.
  • Immediate resistance is clustered at $0.23–$0.25, with wedge resistance near $0.25 and follow-on hurdles cited at $0.28–$0.30.
  • Analysts highlight volume as the key confirmatory signal, with some calling for roughly $250 million in sustained daily turnover to validate any breakout attempt.
  • Downside risk remains defined by support at $0.21 and an invalidation zone near $0.205, while attention on SEC review of a potential HBAR spot ETF and recent institutional visibility provides supportive context.