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<p>HBAR’s price has once again approached a critical technical milestone, according to analyst reviews. Token Talk notes that the token has retreated to a multi-year ascending trendline, which it has respected since 2020, and a robust support zone. This area, clearly visible on the weekly chart, has historically marked the point where buyers have stepped in during notable market downturns.</p><h2 id="multi-year-support-zone-gains-prominence">Multi-year support zone gains prominence</h2><p>In previous cycles, sharp pullbacks in HBAR’s value were met with strong demand near this trendline, helping preserve its long-term structure despite high volatility. After a powerful rally in 2021, HBAR underwent a prolonged correction, giving back much of its gains. During this phase, the price movements narrowed and volatility decreased, forming a “falling wedge” pattern according to analysts.</p><p>Analysts also highlight that the Relative Strength Index (RSI) has fallen to the mid-30s. This region has historically acted as a zone where potential recovery signals have surfaced. HBAR, the native token of the <a href="https://en.coin-turk.com/hedera-trades-in-narrow-range-as-traders-await-direction/" rel="noopener noreferrer nofollow">Hedera</a> network, operates within an enterprise-focused distributed ledger known for high-speed transaction validation.</p><blockquote><p>In Token Talk’s analysis, HBAR is once again testing its multi-year support zone and approaching the upward trendline tracked since 2020 on the weekly chart.</p></blockquote><p>Technical reviews based on market structure highlight the $0.10 to $0.13 range as a stand-out buying zone. Within this band, multiple technical factors—such as a historic support area, re-test region after a breakdown, and long-term trend base—converge. Additionally, analysts point out that this range is close to the accumulation area from 2022 and 2023, when HBAR traded sideways.</p><table><tbody><tr><th>Level</th><th>Technical significance</th></tr><tr><td>$0.10 to $0.13</td><td>Key buy and support zone</td></tr><tr><td>$0.18 to $0.20</td><td>First recovery target</td></tr><tr><td>$0.25 to $0.30</td><td>Next major resistance area based on past performance</td></tr></tbody></table><h2 id="short-term-resistance-and-downside-risk-under-watch">Short-term resistance and downside risk under watch</h2><p>According to the analysis, if buyers manage to defend current levels, HBAR could attempt an initial recovery toward the $0.18 to $0.20 range. If this area is breached, the $0.25 to $0.30 band—previously a cap on upward moves—may become the next upward target. This makes the current test critical for confirming any potential breakout to the upside.</p><p>However, MCO Global presents a more cautious view in the four-hour chart. The firm observes a short-term bearish Elliott Wave structure developing. The fact that HBAR’s price has spent a considerable period below a downward trendline indicates that sellers currently maintain the upper hand in the short run.</p><p>Mini glossary: The Elliott Wave theory is a technical analysis approach that tries to explain market movements through recurring wave patterns. Analysts typically track correction and main trend phases using this method.</p><blockquote><p>MCO Global assesses the $0.088 to $0.102 range as a strong resistance. If HBAR fails to break above this zone and falls below the $0.072 to $0.073 band, the price could enter a steeper downtrend.</p></blockquote><p>In this scenario, the next downside target highlighted in the analysis falls within the $0.05 to $0.045 range. Conversely, to reduce the risk of further decline, the price must find footing above the $0.102 to $0.11 area. Until that happens, short-term recovery attempts are considered likely to remain as mere corrections.</p><p>The post <a href="https://en.coin-turk.com/hbar-retests-major-multi-year-support-0-10-to-0-13-highlighted-as-key-buy-zone-by-analysts/" rel="noopener noreferrer nofollow">HBAR retests major multi-year support, $0.10 to $0.13 highlighted as key buy zone by analysts</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

HBAR retests major multi-year support, $0.10 to $0.13 highlighted as key buy zone by analysts

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