Yigit Taha OZTURK 
The HBAR/USDT pair continues to move within a downtrend on the 4-hour chart. Recent price action shows that a candle has moved above the descending trendline, but a confirmed breakout has not yet occurred. This uncertainty means that the market has not yet provided a clear signal for trend reversal. At the same time, the price appears to have been rejected from the first resistance level, the order block zone.
Such rejections often indicate strong selling pressure at key resistance levels, playing a crucial role in determining the market’s direction. If the price faces significant resistance at this level and starts declining again, the chances of a downward move will increase. However, breaking above this level would be a strong indicator of bullish momentum.
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Key Support and Resistance Levels for HBAR
If the price closes above the order block level, the chances of an upward continuation will strengthen. In this scenario, the next significant resistance level to watch is $0.245. If this level is successfully breached, the next target for HBAR could be the broader order block zone. Traders should closely monitor this area to determine potential take-profit levels in case of a breakout.
However, if the price falls back inside the descending trend and remains there, downside risks could increase. In this case, the first crucial support level stands at $0.20. This level has historically been an area of high buying interest. If this support fails, selling pressure could intensify, potentially pushing the price down to $0.17.
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