Overview

• HBAR rebounded sharply from the 100% Fibonacci extension near $0.2346 and is now testing a descending trendline around $0.254.
• A golden cross on the 1-hour chart—where the 50-period moving average crossed above the 100-period moving average—supports a short-term bullish outlook.
• Intraday trading saw HBAR fluctuate between $0.246 and $0.252 before closing down 2.62%, with 24-hour volume exceeding $417 million.
• A decisive close above $0.255 accompanied by rising volume could clear the way for moves toward $0.28 and $0.30.
• Failure to hold support at $0.240 risks a deeper pullback into prior Fibonacci zones between $0.225 and $0.234.