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Hedera HBAR Faces Critical Resistance: Macro Lower High Pattern Emerges
Hedera HBAR Faces Critical Resistance: Macro Lower High Pattern Emerges
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera’s recent price surge has captured market attention, but the broader technical outlook warrants caution. The cryptocurrency is now testing a crucial resistance zone that previously triggered a significant downturn—a historical pattern that could repeat.
HBAR’s current position at the point of control and 0.618 Fibonacci level mirrors the setup before its last macro lower high. Trading volume remains lackluster, failing to confirm breakout momentum, while daily candles show consistent rejection at the resistance zone.
The HBAR/USDT pair displays classic bearish divergence on higher timeframes. Without sustained buying pressure or fundamental catalysts, this technical confluence suggests constrained upside potential in the NEAR term.
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