Hedera (HBAR) continues to consolidate within a corrective pattern as price holds below critical resistance levels. Market participants await structural confirmation above $0.217 before validating a potential bullish reversal and continuation of the broader upward cycle.
HBAR Holds Below Resistance as Market Awaits Confirmation
According to More Crypto Online (@Morecryptoonl), Hedera Hashgraph (HBAR) remains in a corrective phase with no confirmed upside breakout. The analyst indicates that it would take a strong step over the level of $0.217 and only then would they know that there was a bullish reversal and a fresh upward wave can be in progress.
The 4-hour chart indicates that HBAR remains within a wider corrective pattern as in line with the Elliott Wave Theory. After completing an impulsive five-wave advance labeled wave (1), the token entered a complex A–B–C correction. The market is currently tracing what appears to be the final leg of this structure.
This corrective pattern suggests that the market may still face short-term downside potential before completing wave (2). The current outlook is neutral until the price action proves the breakout of the resistance zone. The long-term upward trend should exceed $0.217 to change the mood and to set the stage of the next bullish period.
Key Fibonacci Levels Define the Corrective Range
The analysis identifies a range of Fibonacci retracement levels that define the potential completion zone for wave (2). These levels of retracement vary from the 38.2% level at $0.130 down to the 78.6% level at $0.098, forming a potential support cluster where there can be a new base formed.
HBAR today is priced around $0.1713, under short-term resistance of $0.1744 to $0.1864, which is also the retracement levels of the minor wave (B). The area still hinders the price from going upward, further corroborating the idea that HBAR is still corrective consolidation and not impulsive growth.
Additionally, the chart shows that there is a definite volume-price divergence. The declining volume has been contributing to the recent rallies and shows poor buying conviction. Absent increased volume with the breakout above $0.217, traders may still experience range-bound activity within the correcting pattern.
Market Indicators and Sentiment Trends
As of writing, HBAR is standing at $0.1691, registering a modest 0.02% fall on the day. The token has a valuation of $7.18 billion and FDV of $8.45 billion. Price was stable, but 24-hour trading fell by over 21% to $200.9 million, as the lack of speculative buying was experienced after profit-taking.
The volume-to-market cap ratio is at 2.79% and shows that liquidity is still strong even at the reduced trading turnover. With 42.47 billion HBAR already circulating out of a maximum supply of 50 billion, dilution risk remains minimal, reinforcing long-term structural stability within the network’s token economy.
From a broader perspective, market sentiment has been shaped by both technical and fundamental developments. Analyst Kryll_ai notes that HBAR could experience a 50% upside potential, supported by the Hedera Foundation’s movement of 250 million tokens for staking. This initiative aligns with the project’s focus on sustainable growth and incentivized participation.
Conclusion of Structure and Forward Outlook
Short-term volatility has created alternating bear and bull phases, with price repeatedly pushing against at or near the $0.171 resistance area. Buyers have continued to re-enter about $0.166, creating a visible demand base that represents the lower boundary of the consolidation channel.
Traders are waiting to observe whether HBAR can maintain support at $0.145 as a setup for what could be a confirmation above $0.217. A solid breakout with significant volume would validate wave (2) is complete and that a new impulsive rally, wave (3), would be in the making.
Until this occurs, the broader structure remains corrective and neutral. Market behavior continues to reflect caution, awaiting a technical confirmation before establishing a clear directional trend. The setup therefore represents a phase of consolidation rather than reversal — one that could transition quickly once the resistance threshold is cleared.