The Trust Layer for Market Analysts

The analysis focuses on Hedera Hashgraph (HBARUSDT) on a 1-hour timeframe, employing Elliott Wave principles and Fibonacci extensions. The market is currently observed in a corrective phase, characterized by a persistent pattern of lower lows and lower highs over several weeks, indicating an actual bearish trend. A key support zone, identified between 0.117 cents and 0.143 cents, aligns with the 100% to 161.8% Fibonacci extensions of the ongoing C-wave. Although the price has recently entered this area, confirming a target reach within these expected Fibonacci relationships, there is no definitive evidence of a market bottom. The current movement is tracked as a downside impulse, specifically the fifth wave of the C-wave, suggesting the potential for further price adjustments downwards. An initial signal for a potential upside reversal would be a confirmed break above the 0.15248 resistance level. Conversely, this resistance level serves as the invalidation point for the current bearish analysis. While some bounces are noted, the overall decline appears to be slowing, yet a robust bullish reversal is not yet established. The anticipated target price for the completion of the current bearish impulse is approximately 0.12710.