HBAR’s Bounce Branded a ‘Dead Cat’ as Analyst Eyes Fresh Lows

HBAR’s latest move is dismissed by one independent analyst as a classic “dead cat” bounce rather than a new uptrend.

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An independent market analyst tracking Hedera’s HBAR says the recent move higher still shows “no indication that a meaningful low has formed,” warning that the current recovery looks more like a dead cat bounce than the start of a new uptrend. The update focuses on weak buying interest, fragile support, and the need for a clearly impulsive rally before any bullish narrative can be taken seriously.

Weak Reaction From Support, Corrective Bounce In Play

The analyst notes that HBAR is reacting from a previously flagged “weak support area” between $0.08 and $0.088, but describes the move up as “clearly not impulsive.” In crypto, they argue, genuine bottoms tend to reveal themselves quickly through sharp, aggressive upside. That behavior is missing here.

For now, the advance is labeled as a three-wave corrective structure (an ABC pattern), likely part of a broader wave 4 correction within a still-intact downtrend. The analyst stresses that in corrective phases “any wave count is very temporary, very tentative,” so the exact sub-structure matters less than the purpose of the move: it appears to be a counter-trend bounce, not a trend reversal.

Resistance Levels Stacked Above; Another Low Coming?

Upside resistance remains firmly in place. The analyst highlights the next key barriers at $0.096, $0.10, and $0.105, along with a yellow structural trendline overhead that continues to cap price. As long as HBAR trades below these areas, “the focus can be on lower prices.”

To even start considering that a durable low is in, the analyst says they would need to see a clear five-wave impulsive move higher that pushes the price above $0.105 and then breaks through the descending yellow trendline. Until that happens, “another low is expected.”

On the downside, $0.08 is cited as the next support, with an additional reference to the October 10 low around $0.073 on the Binance chart as a key level worth watching, even if structural support there is uncertain.

Patience, the analyst suggests, remains the better strategy while the bulls “have a lot more work” to prove a bottom has been set.

For crypto investors, the message is straightforward: short-term bounces in HBAR may be tradable, but without a strong impulsive break above $0.105 and the main trendline, the broader risk still tilts toward new lows rather than a confirmed trend reversal.

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People Also Ask:

Is HBAR’s current rally a confirmed trend reversal?

According to the analyst, no. The move looks corrective and lacks the impulsive strength typically seen at major bottoms.

What price levels are critical for HBAR bulls?

A sustained five-wave move above $0.105 and a break of the main descending trendline are seen as minimum requirements to argue a low is in.

Where is the next major support if HBAR drops again?

The analyst points to the $0.08 area and the October 10 low near $0.073 on the Binance chart as important downside reference points.




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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

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