HBAR May Have Bottomed Locally, but $0.052 Still Looms

A mainstream crypto market analyst says Hedera’s HBAR token may have formed a short-term bottom after a stretch of oversold trading and negative funding rates, but the broader outlook remains cautious.

The analyst’s near-term upside target is $0.075, while a deeper move toward the $0.058-to-$0.052 support range remains the main longer-term scenario if the bear market persists.

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The distinction matters for HBAR traders: the video argues that a technical rebound can coexist with weak project-level valuation fundamentals.

Cilinix said Hedera’s current market capitalization of roughly $3.1 billion appears high relative to the monetary value generated by its network and products.

Oversold Signals Point To HBAR Rebound On The Cards

The bullish short-term case rests on chart structure rather than a change in the analyst’s view of Hedera’s fundamentals. HBAR reportedly formed what was described as a “triple bullish divergence,” alongside oversold conditions and negative perpetual-futures funding rates.

Negative funding can indicate that short positioning has become crowded, potentially creating conditions for a squeeze if prices stabilize or rise. The analyst also cited signs of market absorption, suggesting selling pressure may have been met by buyers at lower levels.

“This does look like a local bottom for now,” Cilinix said, while warning that the move is unlikely to be a straight rally. A pullback to fill gaps remains possible, but the $0.075 area was identified as the main immediate target because it is both a psychological level and a previous monthly value-area low.

Bitcoin’s Move Above $65,000 Improves The Backdrop

HBAR’s potential recovery is tied closely to wider crypto-market conditions. The analyst said sentiment improved after Bitcoin moved above $65,000 earlier in the week, arguing that the crypto market has shown relative strength even amid geopolitical uncertainty and pressure in traditional markets.

That strength does not erase the risk of a broader downturn. The analyst still expects crypto prices to fall further over the longer term and said HBAR could eventually revisit the $0.058-to-$0.052 zone, which was described as the key structural support area.

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