HBAR May Have Bottomed Locally, but $0.052 Still Looms

Hedera’s HBAR appears to have formed a short-term bottom after oversold conditions and negative funding rates, but the longer-term outlook remains cautious. The analyst targets a near-term move to $0.075, with a deeper risk of a revisit to the $0.058–$0.052 support zone if the bear market persists. Market sentiment is tied to broader crypto strength, though HBAR remains vulnerable to further downside despite a potential local rebound.