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BTCC / BTCC Square / Global Cryptocurrency /
Hedera HBAR Rebound from Channel Support: Bullish Reversal Targets $0.39?

Hedera HBAR Rebound from Channel Support: Bullish Reversal Targets $0.39?

Author:
Global Cryptocurrency
Published:
2026-02-06 01:50:11
15
1
[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -

Hedera (HBAR) extended its decline on Thursday, February 5, 2026, shedding 9% to trade at $0.08104. Trading volume surged 15.17% to $258.31 million, while market capitalization contracted 7.94% to $3.54 billion.

Analysts observe HBAR testing the lower boundary of a multi-week descending channel—a critical support zone that has historically buoyed the asset. Jonathan Carter notes the three-day chart shows price compression against this trendline, suggesting potential rebound targets at $0.11, $0.14, $0.18, $0.23, $0.30, and $0.39. A breach below $0.06 WOULD invalidate the pattern.

Short-term momentum appears constructive. Crypto Coral highlights consecutive 11.6% bullish candles on hourly charts, with clean reactions from support levels accompanied by elevated volume. Derivatives markets echo this activity, with CoinGlass reporting trading volume climbing to $368.76 million.

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