Hedera [HBAR] May Revisit Fair Value Gap Before Potential Rally Towards $0.284

• The Hedera (HBAR) cryptocurrency may be poised for a rebound, potentially revisiting the fair value gap between $0.216 and $0.242 before gaining further traction.

• Recent market activities indicate a bullish sentiment, backed by significant capital inflows as reflected in the daily Chaikin Money Flow (CMF) indicators.

• “The defense of the 61.8% Fibonacci retracement level has sparked renewed interest,” said a market analyst from COINOTAG, emphasizing the strategic importance of this price point.

This article analyzes Hedera’s potential price movements and market dynamics, highlighting key support levels and indicators that signal a bullish outlook for HBAR.

Hedera on a bullish trajectory, targets $0.284

Hedera (HBAR) has shown compelling signs of recovery, particularly after recently testing the support level at $0.176, a price point established in previous analyses. The cryptocurrency has rebounded above $0.23, marking a significant bullish structure break on the daily chart. This upward momentum is largely supported by sustained buying pressure, driven by the positive movement in capital flows, as indicated by the CMF which rose to +0.09.

Source: HBAR/USDT on TradingView

Analyzing Market Indicators for HBAR’s Next Move

Despite the positive developments, the Awesome Oscillator remains below the zero line, indicating that bearish momentum still lingers in the market. This suggests that while HBAR could potentially reach targets near $0.284, resistance in the $0.255-$0.265 region poses a challenge for upward movement. Moreover, previous support levels in December that failed to hold may translate to selling pressure ahead as HBAR attempts to push higher.

Source: Santiment

Liquidation Levels and Future Price Outlook

The 1-month liquidation heatmap indicates significant activity at the $0.24 region, suggesting potential consolidation as traders regroup. The short-term liquidity buildup may present opportunities for swing traders, particularly if the price dips back to the $0.224 to $0.24 range. As Hedera navigates this landscape, future upside targets remain robust at $0.267, $0.284, and $0.326, contingent upon overcoming current resistance levels.

Source: Coinglass

Conclusion

In summary, Hedera’s current market dynamics suggest a positive trajectory, though caution remains necessary given past resistance and ongoing bearish momentum indicators. Investors should monitor price movements closely, particularly as HBAR approaches key liquidity zones. The potential revisitation of the fair value gap could offer strategic entry points for traders looking to capitalize on future gains.