Analyst Says Hedera (HBAR) Is Worth Watching Again – Here’s the Reason

Crypto analyst Lucky just dropped a pretty straightforward observation on Hedera. No hype, no wild price targets. Just a simple technical read. In his opinion, the HBAR price is trading in a demand zone. If you look at the chart he shared, you can see exactly what he means.

What the HBAR Chart Shows

Looking at this 1-hour chart, the HBAR price has been in a clear downtrend since the February highs near $0.106. You can see the series of lower highs and lower lows, classic bear market stuff. But recently, something changed. The downtrend line that had been capping every rally attempt finally got broken.

That trendline breakout happened around $0.092 to $0.094, and since then, the HBAR price has been attempting to stabilize. Lucky marks the current area as a demand zone, which basically means it’s a level where buyers have historically stepped in and where sellers start to lose interest.

Source: X/@LLuciano_BTC

The chart shows the HBAR price currently hovering around $0.0938, right inside that zone. The “Low” marker on the chart sits just below, around $0.090, and the “High” marker from the previous structure sits up near $0.098. So the range is pretty tight right now. Price is compressed between demand below and a recent high above.

Lucky’s call here is simple. The HBAR price is in that zone. That doesn’t mean it’s guaranteed to bounce. But it does mean the risk-reward is starting to look more favorable for buyers than for sellers. If you’re looking for entries, this is where you’d start paying attention.

The Levels That Matter

The immediate resistance to watch is the recent high near $0.098. That’s the first level the HBAR price needs to clear to start building any kind of bullish momentum. Above that, the next test would be the $0.106 zone from February.

On the downside, the demand zone runs roughly from $0.090 to $0.092. If the HBAR price breaks below that, the next support sits around $0.087 from the February lows. That would be a signal that the demand zone didn’t hold.

Read Also: Gold Price Just Logged Its Worst Week Since 1982 – Could a 50% Rebound Be Happen?

So What’s Next for HBAR

Lucky isn’t calling a moonshot here. He’s doing something more valuable. He’s pointing out where the smart money might be looking. 

The HBAR price is sitting in a demand zone after breaking a downtrend line. That’s a setup worth watching, not because it guarantees a pump, but because the structure is starting to shift.

The trendline breakout already happened. Now the question is whether the HBAR price can hold this zone and build enough momentum to challenge the highs. Lucky’s opinion is that it’s in the right area for that to happen. The market will show us soon enough.

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

The post Analyst Says Hedera (HBAR) Is Worth Watching Again – Here’s the Reason appeared first on CaptainAltcoin.