Hedera (HBAR) Chart Shows Two Scalping Targets After the Weekly Rally

The HBAR price has been holding up pretty well lately. Hedera is currently trading at around $0.102, up about 1.6% over the last day, having had a strong week with a 14% rise. 

In a market that still feels a bit uncertain, this sort of steady rise is certainly noticeable. It shows that momentum hasn’t completely faded yet, and traders are starting to pay closer attention again.

Right now, the HBAR price is basically at a crossroads, the next move from here could set the tone for the rest of the month.

Breaking the HBAR Downtrend Was the First Big Step

One of the clearest signals on Eliz’s chart is that Hedera finally broke above its long-term downtrend line. That descending resistance had been keeping the HBAR price capped for weeks, pushing every bounce back down. But once price pushed through it, things started to shift fast, and the rally picked up.

That breakout is what sparked the current move, but the real question now is whether HBAR can stay above that trendline and turn it into support. Eliz also points out two possible scalping setups, and both are pretty clean based on the structure.

The first one is the higher resistance zone around $0.105 to $0.11. That’s where price has sold off before, and it’s basically the next big upside target. If the HBAR price can reclaim that area with strength, it could trigger another breakout leg.

The second zone is lower, around $0.092 to $0.095. That’s where buyers stepped in during consolidation before the breakout happened. If price pulls back, this is the area most traders will be watching for a bounce.

Fibonacci Levels Are Shaping the Next Move

Technically, the HBAR price is also reacting really clearly to Fibonacci levels right now. The most important support sits near the 50% retracement around $0.0971. As long as HBAR holds above that, the bullish structure stays intact.

On the upside, resistance comes in near the 38.2% level at $0.1026, which is basically being tested right now. If price clears it, the chart opens up toward that $0.11 zone again. But if HBAR drops below $0.097, momentum could cool off and price may drift back toward the $0.095 support area.

Read Also: Here’s Where Hedera (HBAR) Price Could Go This Week

What’s Next for HBAR

At this point, the HBAR price is in one of those “wait for activation” moments. The breakout already happened, but the follow-through still needs to prove itself. If bulls can hold support and push into the next resistance zone, Hedera could keep extending its weekly strength. If not, a pullback into the lower demand area might be the next setup traders start watching.

Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.

The post Hedera (HBAR) Chart Shows Two Scalping Targets After the Weekly Rally appeared first on CaptainAltcoin.