Hedera (HBAR) is currently in a macro retracement phase on the monthly chart, following a strong impulsive rally from the 2024 cycle lows.
According to the crypto analyst Crypto Patel, price is now revisiting a critical high-timeframe demand zone between $0.064 and $0.045, previously identified as a region of institutional order flow. Analysts view this as a potential accumulation phase.
The technical structure shows smart money absorption at the macro support, with sell-side liquidity below fully swept and absorbed.
The monthly chart shows a higher high, clean liquidity voids above, and bullish overlaps between order blocks and fair value gaps. This suggests that HBAR is possibly consolidating before the next leg of growth towards the major liquidity pools.
Also Read: Hedera (HBAR) Tests Descending Channel Resistance: Is a Rally to $0.255 Next?
Hedera (HBAR) Eyes Multi-X Rally Toward $0.576
Upside liquidity targets come in at $0.305, $0.401, and $0.576, providing a possible multi-x return from the current demand zone.
A developing weekly change in state of delivery (CISD) or market structure shift within the monthly order block could be used to fine-tune long entry levels. These indicators are emphasized by Crypto Patel for strategic and patient accumulation.
Source: Crypto Patel X Post
The bullish thesis is still valid as long as HBAR is holding above $0.045 on a monthly chart. A monthly close below $0.045 invalidates this opportunity and means a continuation to the downside is likely.
This is a high-timeframe opportunity for long-term swing trading and spot accumulation, providing a risk-reward opportunity where patience is rewarded to the upside in the near future.
Momentum Indicators Point to Balanced Condition
According to TradingView, the RSI is currently at 50.43, which is slightly lower than the 50.73 signal line. The momentum is therefore neutral, and there are neither overbought nor oversold conditions. It seems like the market is consolidating. The flattening of the RSI near its middle suggests indecision in the short-term price action.
Source: TradingView
The MACD indicates a positive but low value of the histogram at 0.00079, with the MACD line slightly above the signal line. This indicates a low level of bullish momentum.
However, the proximity of the two lines indicates a high probability of a crossover that may change the market momentum. Overall, the above indicators suggest a balanced market with no clear direction, indicating a cautious market.
Also Read: Hedera (HBAR) is Testing the $0.096 Support: Can a Flip Lead to $0.105?
