Hedera HBAR Tests Critical Support at $0.22 Amid Potential Bullish Rebound

Hedera's HBAR token is showing signs of a corrective dip toward key support at $0.22, potentially setting the stage for a rebound. The cryptocurrency struggled to maintain momentum above the $0.30 resistance level in late July, reinforcing this zone as a significant supply area.

Technical indicators point to short-term weakness as HBAR trades below the $0.264 Value Area High. However, the market structure remains intact, with the $0.218-$0.223 support zone attracting liquidity since mid-July. A retest of this level appears likely before buyers step back in.

The daily chart maintains a bullish higher-low pattern at $0.223. A break below this level could threaten the uptrend, with a drop under $0.206 potentially signaling a reversal. Volume and momentum indicators suggest that any dip to support levels may present accumulation opportunities ahead of the next upward move.