HBAR: RSI at 67, Price Pinned at $0.074-$0.08 as Wave-Count Traders Await Volume Confirmation

HBAR is changing hands near $0.074, up roughly 3% on the day after an intraday high of $0.0747, per BraveNewCoin data. Price has driven directly into the $0.074-$0.08 band that has rejected recovery attempts before, making this the level to watch for anyone reading market structure over spot price alone.

Momentum Data: RSI 67, MACD Positive but Flattening

On the 30-minute chart, the Relative Strength Index sits at approximately 67 — elevated, but still short of the standard overbought threshold. That leaves technical room for continuation, though a first-touch rejection at resistance would plausibly trigger a cooling-off period given how close RSI already sits to overbought.

MACD remains above the zero line, with both the MACD and signal lines still sloping upward on the 30-minute frame. The histogram, however, has started to flatten, a signal that upside momentum is intact but decelerating. Price structure since the rebound began has kept printing higher highs and higher lows, a pattern consistent with buyers still controlling short-term flow. On the four-hour timeframe, momentum readings are also still tilted bullish, reinforcing that the current test is happening from a position of strength rather than exhaustion.

Fibonacci Cluster and Wave Count Frame the Ceiling

Chart analysis cited by More Crypto Online identifies $0.074-$0.08 as the next major four-hour resistance zone, noting that multiple Fibonacci retracement levels cluster inside that exact range. Under the Elliott Wave count referenced in that analysis, HBAR currently sits in wave two of a prospective wave-three structure — meaning the resistance test functions as a pivot rather than a confirmed breakout.

Should price clear the zone, the same count projects continuation into a larger wave-four recovery leg. Until that clearance is confirmed, the framework stays provisional: the band is a decision point, not evidence that a breakout has already happened. This marks the second time in recent weeks that buyers have absorbed selling pressure intraday and closed higher, according to the same source.

Positioning Around the $0.08 Level

A sustained close above $0.08 would clear the Fibonacci cluster and, under the current wave count, confirm completion of wave three — opening the path toward the projected wave-four move. Failure to clear the zone on this attempt would likely trap HBAR inside the $0.074-$0.08 range while momentum indicators cool from current readings.

The technical setup remains unresolved: RSI near but not at overbought, MACD still positive but flattening, and price sitting directly at the resistance ceiling. Traders positioning around HBAR will want to see volume accompany any push above $0.08, since a breakout lacking volume confirmation would carry materially less weight against the current wave structure.

Sources

• bravenewcoin.com