Hedera HBAR Nearing Critical Support: Bullish Reversal Could Spark 42% Rally

HBAR is testing a crucial technical support zone where Fibonacci retracement levels converge with volume-weighted average price (VWAP) indicators. This confluence often precedes significant price reversals in trending assets.

Short-term charts reveal diminishing selling pressure and oversold conditions among key oscillators. Maintaining current support levels may trigger a 42% upward MOVE toward the $0.265 resistance level. The broader market structure remains bullish, maintaining its pattern of higher highs and higher lows.

Institutional traders are closely watching this technical formation, as algorithmic buying programs frequently activate at such VWAP-Fibonacci intersections. The current setup resembles classic mid-trend corrections where assets typically rebound from dynamic support to retest recent peaks.