HBAR Technical Analysis February 4, 2026: Support and Resistance Levels and Market Commentary

HBAR is experiencing a tight consolidation around 0.09 dollars, with the RSI at 33.55 level signaling the oversold region and providing a potential rebound buy signal; however, Bitcoin's sharp drop is increasing pressure on altcoins, and the critical support at 0.0839 dollars could be tested.

Market Outlook and Current Situation

Hedera Hashgraph's native token HBAR is trading under clear downtrend pressure on the daily chart. With its current price pinned at the 0.09 dollar level, it recorded only a modest 0.12% gain in the last 24 hours. The 24-hour trading range remained in a narrow 0.09 - 0.09 band, indicating low volatility and the market searching for direction. Trading volume is at a moderate 119.70 million dollars; this volume is insufficient for a trend reversal and points to bears maintaining control. The overall crypto market is under pressure with Bitcoin's 3.01% drop, and HBAR is also feeling the negative sentiment.

According to multi-timeframe (MTF) confluence analysis, a total of 9 strong levels were identified across the 1D, 3D, and 1W charts: 2 supports and 1 resistance on 1D, 2 resistances on 3D, and 2 supports and 4 resistances on 1W, predominantly resistances. This distribution emphasizes that resistances are more dominant in the short term and extra volume is needed for upward moves. HBAR trading below EMA20 (0.10 dollars) reinforces the short-term bearish bias. There is no significant catalyst in the recent news flow, so technical levels will remain in focus. Investors can access detailed data from the HBAR Spot Analysis page.

In an environment where altcoins are showing weak performance against Bitcoin dominance, HBAR's sideways movement around 0.09 dollars raises the question of whether it's an accumulation phase or a trap. The Supertrend indicator is giving a bearish signal, with resistance positioned at 0.11 dollars. Volume increases should be monitored at these points.

Technical Analysis: Key Levels to Watch

Support Zones

The strongest support level is at 0.0839 dollars (score: 76/100), where a base reinforced by MTF confluence is forming. This level is a retested low on the 1D and 1W charts and the first line of defense in a potential pullback. If broken, a deeper drop could be triggered, but its position just below the current price offers short-term holding potential. The second support is at 0.0906 dollars (score: 64/100), just above the current price and the lower band of the recent consolidation. This zone could attract liquidity for small buys and create opportunities for a reaction rally.

The strength of support zones depends on the volume profile; while holding probability is high in low-volume tests, there is a risk of quick breaks during Bitcoin-driven sell waves. According to historical data, the 0.0839 level has seen 20-30% rebounds in the past, making it noteworthy for traders.

Resistance Barriers

The first resistance is at 0.0944 dollars (score: 64/100), a strong barrier on the 3D chart and near the EMA20. If this level is surpassed, momentum could gain traction, but it looks challenging with the current bearish Supertrend. Upper resistances cluster in the 0.10 and 0.11 dollar range, where selling pressure may increase. The abundance of resistances in MTF (7 out of 9 total) indicates confirmation is needed for an upside breakout.

Volume increase is essential in resistance tests; otherwise, the likelihood of fakeouts is high. These levels are critically important for leveraged positions on the HBAR Futures Analysis platform.

Momentum Indicators and Trend Strength

RSI (14) is at 33.55 and approaching the oversold region (below 30); this is a classic signal for short-term bottom formation, but divergence should be watched in a downtrend. The MACD histogram is negative with a bearish crossover active, confirming momentum in favor of sellers. EMAs are showing a death cross (short-term EMAs below long-term ones), with the 20-day EMA at 0.10 dollars acting as resistance.

Supertrend is in bearish mode with trail stop at 0.11 dollars, shifting trend strength to the bear side. Volume Oscillator is low, indicating weak buyers. On MTF, the 1W trend is near neutral, but 1D and 3D remain bearish dominant. Positive divergence (price making new lows while RSI holds) should be monitored, as it could trigger a recovery.

Risk Assessment and Trading Outlook

Bullish target at 0.1358 dollars (score: 30/100) is low probability, requiring resistance breakout and RSI divergence; risk/reward ratio is attractive but BTC pressure is a hurdle. Bearish target at 0.0469 dollars (score: 22/100) could accelerate on a 0.0839 break, preparation essential for deep drop scenario. Overall outlook is bearish-biased neutral, with short-term long opportunities if support holds.

Risk management is critical: Stop-losses below supports, take-profits at resistances. Position sizes should be limited during low volatility. If market sentiment doesn't change, the 0.08-0.10 band could continue sideways.

Bitcoin Correlation

HBAR shows high correlation with Bitcoin (%0.85+) among altcoins; BTC's current downtrend (76,322 dollars, -3.01%) is pulling HBAR down. BTC supports at 75,745, 72,946, and 61,211 dollars; a break below 75,745 would accelerate HBAR's test of 0.0839. Resistances at 77,857, 82,178, and 89,425 dollars; if BTC surpasses 77,857, HBAR could rally to 0.0944.

BTC Supertrend is bearish, a red flag for altcoins; HBAR's independent movement is limited. If BTC dominance rises, HBAR remains under pressure – traders should prioritize monitoring BTC levels.