HBAR’s latest move is dismissed by one independent analyst as a classic “dead cat” bounce rather than a new uptrend.
An independent market analyst tracking Hedera’s HBAR says the recent move higher still shows “no indication that a meaningful low has formed,” warning that the current recovery looks more like a dead cat bounce than the start of a new uptrend. The update focuses on weak buying interest, fragile support, and the need for a clearly impulsive rally before any bullish narrative can be taken seriously.
Weak Reaction From Support, Corrective Bounce In Play
The analyst notes that HBAR is reacting from a previously flagged “weak support area” between $0.08 and $0.088, but describes the move up as “clearly not impulsive.” In crypto, they argue, genuine bottoms tend to reveal themselves quickly through sharp, aggressive upside. That behavior is missing here.
For now, the advance is labeled as a three-wave corrective structure (an ABC pattern), likely part of a broader wave 4 correction within a still-intact downtrend. The analyst stresses that in corrective phases “any wave count is very temporary, very tentative,” so the exact sub-structure matters less than the purpose of the move: it appears to be a counter-trend bounce, not a trend reversal.
Resistance Levels Stacked Above; Another Low Coming?
Upside resistance remains firmly in place. The analyst highlights the next key barriers at $0.096, $0.10, and $0.105, along with a yellow structural trendline overhead that continues to cap price. As long as HBAR trades below these areas, “the focus can be on lower prices.”
To even start considering that a durable low is in, the analyst says they would need to see a clear five-wave impulsive move higher that pushes the price above $0.105 and then breaks through the descending yellow trendline. Until that happens, “another low is expected.”
On the downside, $0.08 is cited as the next support, with an additional reference to the October 10 low around $0.073 on the Binance chart as a key level worth watching, even if structural support there is uncertain.
Patience, the analyst suggests, remains the better strategy while the bulls “have a lot more work” to prove a bottom has been set.
For crypto investors, the message is straightforward: short-term bounces in HBAR may be tradable, but without a strong impulsive break above $0.105 and the main trendline, the broader risk still tilts toward new lows rather than a confirmed trend reversal.
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