We were all expecting the much-anticipated alt season, but it seems like the market is taking a breather. The promising rally might get delayed just a little bit.

Right now, $HBAR is trading at $0.29432, down 4.7% in the last 24 hours, and the chart is showing some key signs.

Bearish Sentiment: Lower Highs Are Worrying

A lower high isn’t what the bulls want to see. The price is approaching a crucial support level, and if it fails to hold, we could see a potential 40% drop. That’s a big risk, and it might signal further downside if the support is broken.

Trade Plan for Bears:

Short Entry: Wait for a confirmed breakdown with a surge in volume.

Targets: Follow the chart for three key targets.

Stop Loss: Set it just above the breakdown point to avoid getting trapped in a fakeout.

Bullish Scenario: Support Holds Strong

If the support level holds, we could see a bounce, leading to more consolidation before any potential upward move. Bulls can take advantage of this zone by going long at support.

Trade Plan for Bulls:

Long Entry: Buy near support.

Stop Loss: Set it just below $0.27 for safety.

Target: Keep an eye on the downsloping resistance line as your next target.

Key Levels to Watch:

Support: $0.27 (Critical level)

Resistance: The downsloping resistance line will act as a target if the bounce happens.

Pro Tip:

If you're trading this range, patience is key. Don't rush into positions. A volume surge will be your confirmation for either direction, so don’t get caught in a fakeout.

Market Sentiment:

While alt season might seem delayed, this doesn't mean the market is dead. With HBAR showing strong fundamentals, this could just be a healthy pause for consolidation before the next move.

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🚀 Final Thoughts:

This is a critical moment for $HBAR. The coming days will reveal whether the bulls can defend support or if the bears will take control. Stay alert, use caution, and make sure to trade with confirmation.

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💡 Follow My Predictions for a 93% profit accuracy rate—stay ahead of market trends! Good luck, and happy trading! 🚀

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