🪙 The price of HBAR rejects from the upper value area with weak demand indicating $0.07

‍$HBAR The price repeatedly faced rejection at the upper value area, suggesting a slowdown in bullish momentum. With weak demand, the market now risks moving toward deeper support near $0.07.
The recent price movement of HBAR reflects rotational market behavior rather than trend expansion. The asset has tested the upper value area multiple times only to be rejected on several occasions. This level acts as a ceiling within the current trading structure, indicating that buyers lack the necessary momentum to sustain a breakout.
Inability to reclaim the upper value area suggests weak demand at higher prices. When the price repeatedly fails at resistance without confirmation of strong volume, the market often turns downward in search of stronger liquidity zones. In the case of HBAR, the price has now moved back toward high timeframe support at $0.09, which serves as the next immediate demand zone.
The $0.09 area represents a structural turning point within the range. Holding this level will maintain consolidation dynamics and keep the rotational price behavior within the value area boundaries, especially after HBAR recently bounced from its lowest point of the year at $0.0725 to a psychological level at $0.100.
However, a confirmed close below this support will indicate acceptance of lower prices and significantly increase the likelihood of continuing toward the (POC) and eventually the lower value area.
From a volume profile perspective, the market often moves between the upper value area, the point of control, and the lower value area as liquidity shifts. With decisive rejection of the upper boundary, the less resistant resistance path favors moving toward the lower end of the range.
If the $0.09 level fails to hold, the next major support on the high timeframe is near $0.07, an area that previously served as a structural demand zone.
‍#HBAR | #Hedera | $HBAR