#HBARatCriticalSupportZone

#HBARatCriticalSupportZone
HBAR is holding steady at the $0.07359 level! What’s next for this critical support zone?

As HBAR retreated to $0.07359, the price managed to hold its ground within a critical support zone.

Following an 83% drop from its recent local high, the $0.058–$0.042 price range has come back into focus.

Derivatives market data shows open interest falling to $90.60 million and trading volume dropping to $90.07 million, signaling waning interest in HBAR.

From a technical standpoint, if the price remains above $0.0356, investors will be watching for a potential breakout from the downtrend line.

While HBAR continued its bearish trend on Tuesday, technical indicators suggested the asset was at a critical threshold. Losing approximately 2% of its value over the last 24 hours, HBAR traded at $0.07359. Its daily trading volume stood at $81.46 million, with a market capitalization of around $3.21 billion.

Historical support zone back in focus

HBAR has lost approximately 83% of its value from its recent local high; this pullback has brought the price into the $0.058–$0.042 range, which is viewed as a long-term buying zone on the weekly chart. Historically, this area has emerged as a support point where strong buying interest materializes.

In technical analysis, this zone is considered an area where buying interest may intensify following prolonged corrections. Levels to watch for a trend reversal

For the current outlook to strengthen, HBAR needs to break above the descending trend line that has been suppressing its price for weeks. Until this breakout is confirmed, the current structure is viewed merely as a potential breakout attempt. Should the breakout occur, the $0.16, $0.35, and—in the longer term—$1.00 levels emerge as key technical targets. This scenario points to a potential return of approximately 1,600% compared to current prices. However, these projections are based on technical inferences drawn from past price cycles.
Past cycles and derivatives data are being monitored simultaneously.

After spending months building a base around a critical support level in 2020, HBAR surged approximately 1,800% in 2021. Subsequently, it lost about 94% of its value during the harsh bear market of 2022–2023. The asset rebounded by roughly 800% during the 2024 rally but has approached that same long-term support zone again following the recent correction.

Derivatives market data indicated waning short-term interest. Open interest fell by 5.21% to $90.60 million, while trading volume dropped 28.79% to $90.07 million. This picture suggests an increase in the unwinding of leveraged positions.

The open interest-weighted funding rate stood at -0.0018. This rate indicated that demand for short positions was higher—albeit marginally—than demand for long positions. In the coming days, market focus will be on whether HBAR can maintain its weekly demand zone and break above the downtrend line.
‍$HBAR