According to him, the asset is now caught between two key resistance and support zones—represented by red order blocks on the chart—with price currently ranging within this channel.
In the 2021 cycle, HBAR built a strong base at the lower red support and successfully broke through resistance on the first attempt.
This time around, the setup has diverged slightly. HBAR briefly dipped below the lower support, then faced rejection at the resistance during its initial breakout attempt.
Consolidation May Last Longer Than in 2021
Rekt Capital suggests that HBAR may require more time consolidating within this range before a breakout can materialize. The macro pattern remains intact, but the momentum appears more hesitant compared to the previous cycle.
For a bullish confirmation, HBAR must secure a weekly close or clean retest above the top resistance. Until that happens, the asset will likely revisit the red Range Low.
Key Bullish Scenarios
Rekt Capital outlines two outcomes that could reinforce a bullish case:
- HBAR holds the Range Low as support, keeping consolidation healthy.
- If price dips below the support box again, it must form a higher low to avoid breakdown risk.
In short, HBAR is in a familiar setup—but patience is key. Bulls need to defend the lower boundary or risk further downside before any upside can resume.
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2025-06-15 11:07