RLinda

After strong growth from the 0.14 zone,  $HBAR updated its maximum to 0.30 and entered a correction phase, testing the intermediate and strong support level of 0.2300. A false breakdown has formed, and price consolidation above the key zone could trigger another rally.

#HBAR currently has two key levels: 0.243 and 0.2337. The bulls are trying to keep the correction at the upper support level. However, there is a huge pool of liquidity hidden behind 0.2337, which could be tested (before growth resumes) if 0.243 fails to hold the price. Locally, the coin is breaking the structure of the downward correction (consolidation in a bull market) and is trying to consolidate above support (in the zone of interest). The end of the current correction phase may lead to a resumption of distribution.

Support levels: 0.2432, 0.2337

Resistance levels: 0.2547, 0.26, 0.2763

The formation of a bullish structure relative to 0.2432 will confirm the presence of an interested, large buyer. This could trigger strong growth. Otherwise, I will wait for a retest of 0.2337, from where I will look for an opportunity to open long positions with the aim of medium-term growth.

Best regards, R. Linda!

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