HBAR Price Nears Key Resistance: Can $0.095 Support Pave the Way to $0.106?

HBAR has recently formed a clear symmetrical triangle pattern on the 12-hour chart, with the price continuously compressing between the upper and lower trendlines. The upper resistance line is gradually moving down to the $0.104–$0.106 range, while the lower support line is moving up due to multiple rebound highs, forming a typical "higher lows, lower highs" structure, suggesting that the battle between bulls and bears is intensifying.

Notably, the price has repeatedly found buying support in the $0.094–$0.096 range, indicating strong demand in this area. However, each upward attempt has met resistance near $0.104 and retreated, suggesting that selling pressure above remains significant. The current price is $0.09739, slightly above the key support level of $0.09583. If it can steadily hold above this level, the upward trend structure is likely to continue.

If the price breaks below $0.09583, it may trigger technical selling, and the original upward pattern will face the risk of being broken. Conversely, if the price effectively breaks through $0.10, it is expected to open up upward space, directly targeting the dense resistance zone of $0.104–$0.106. This area is not only a collection of previous high points tested multiple times but also forms an overlapping pressure with the short-term trendline, making it a key breakthrough target. In terms of relative strength, the HBAR/BTC exchange rate is 0.051468, with a fluctuation range of approximately 1.9% in the past 24 hours, showing its relative activity in the market. The current market focus is concentrated on the narrow range of $0.09583–$0.104. Traders need to pay close attention to the direction of the breakout to determine the evolution path of the short-term trend.