HBAR Stalls Under Key Trend-line: Bulls Must “Prove Themselves”

Crypto chart analyst and YouTube creator More Crypto Online says Hedera’s HBAR is still locked in a corrective pattern, with no technical evidence yet that a lasting bottom is in. Despite a recent bounce, the token continues to trade below key trendlines, keeping the broader downtrend intact and placing the burden squarely on the bulls.

Wave 4 May Be Topped — But One More Low Looks “Likely”

The analyst frames the current structure as an extended wave 4 correction, now displaying what he calls a “decent WXY structure” to the upside. Crucially, the recent move up is described as clearly three-wave in nature, not a five-wave impulse, which keeps it in corrective territory.

Price was rejected at the first major descending trendline, reinforcing that the move is still counter-trend. While he isn’t “fully convinced” the wave 4 has already topped, he notes that “one more low remains likely” given how cleanly the market respects the corrective pattern.

A break below roughly $0.108 would be his trigger that a fifth wave lower has started.

Bullish Alternative Hinges on Five-Wave Rally

The video outlines a bullish alternative count similar to what he is tracking on XRP: a possible low already in at the 61.8% Fibonacci retracement level, around $0.105. As long as HBAR holds above that zone, this scenario “remains plausible.”

For that bullish case to be taken seriously, however, he wants to see a full five-wave structure to the upside from the recent low. In his words, “we need a five wave move up to consider we’ve bottomed.” Until those five waves complete and resistance is broken, the move is treated as a corrective bounce.“

The earliest indication that any kind of low is in, he adds, would be a break above the last swing high near $0.115.

Momentum Still Favors the Downside

The analyst contrasts the character of price moves: declines are “rapid, even impulsive,” while rallies are “choppy” and struggle to gain traction. HBAR remains below descending trend-lines, with no confirmed breakout.

He repeatedly stresses that the market must “prove itself” before a durable bottom can be assumed. For now, he is “watching for lower,” with the structure and momentum both pointing to the risk of another leg down unless bulls can reclaim resistance with conviction.

For investors, the message is straightforward: HBAR sits at an important support area, but without a sustained five-wave rally and a break of nearby resistance, any optimism about a confirmed bottom is speculative at best.

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People Also Ask

What key support level is the analyst watching on HBAR? Around $0.105, which he identifies as the 61.8% Fibonacci retracement and a critical level for the bullish alternative count.

What would signal that a bottom might be in place? First, a break above the recent swing high near $0.115, and more importantly, a clear five-wave move up from the low.

What level suggests another leg down is underway? A drop below roughly $0.108 for Hedera’s price would indicate that a fifth wave to the downside has likely started.

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