HBAR trades at $0.074 as resistance zone nears, mixed signals in spot and futures markets

Cointurk2026/07/03 02:51

By:Cointurk

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Hedera’s native token HBAR returned to the spotlight on Tuesday, July 2, after a recent rebound brought it closer to a crucial resistance zone. As market watchers speculated on whether buyers could maintain momentum, spot and derivatives data painted a mixed picture for the digital asset’s short-term prospects.

Price stalls in critical range Support and resistance levels gain importance Technical indicators and futures show mixed signals

Price stalls in critical range

At the time of reporting, HBAR was trading at $0.07404. The asset posted a 3.38% gain over the past 24 hours and registered a weekly increase of 2.79%. However, 24-hour trading volume dropped by 10.28% to $60.22 million compared to the previous period, highlighting waning activity.

Analyst More Crypto Online noted that HBAR is currently testing the resistance zone within wave 2 of wave 3, according to the yellow scenario. The analyst emphasized that the $0.074 to $0.08 range stands out as the most critical short-term area to watch.

Surpassing the $0.074 to $0.08 range could alter the short-term technical outlook and pave the way for either a larger correction or a new bullish phase.

A decisive move above this range would indicate a potential shift in HBAR’s short-term trend. If that occurs, the price may enter a broader trading band and prompt the emergence of new technical targets in alternative scenarios.

Support and resistance levels gain importance

In the short term, initial support is located at $0.0642, while immediate resistance stands at $0.0793. Should HBAR break above this threshold, the next resistance to monitor is $0.0882. If upward momentum builds, $0.1009 could also come into play as an additional target.

On the other hand, if the upward recovery loses steam, support levels will become increasingly significant. A drop below $0.0642 could see the market focusing on the next support near $0.0548 as a new potential base.

Technical indicators and futures show mixed signals

According to TradingView data, HBAR continues to face pressure from its short-term moving averages. The 20-day exponential moving average stands at $0.07574, while the 50-day EMA is at $0.08097, both acting as overhead resistance. On longer timeframes, the 100-day average is at $0.08704 and the 200-day average at $0.10253, maintaining the downward pressure.

Bollinger Bands data show the mid-level at $0.07643, with the upper band at $0.08482 and the lower band at $0.06805. HBAR’s price hovers below the middle band but remains above the lower band, signaling continued indecision in the short-term direction.

Futures market data likewise show a mixed structure. Trading volume in the derivatives market fell 6% to $96.39 million, but open interest climbed 2.99% to $95.03 million, with the open interest-weighted funding rate at 0.0099%.

In the past 24 hours, a total of $35,980 in positions were liquidated, with $5,240 from long positions and $30,740 from shorts. This distribution indicates ongoing uncertainty among traders regarding the short-term direction as both bullish and bearish bets persist.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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