HBARUSDT

After retracing nearly 70% from its March high, HBAR set a low near $0.13821 as it formed its current range.

Last week, the price swept highs near $0.21360, which now also marks the August monthly open. Relatively equal daily highs near $0.21858 provide a reasonable target, although resistance beginning near $0.21810 could cap the move. A break of this resistance is likely to target the swing high near $0.22960 into higher-timeframe resistance beginning near $0.23159.

The current area near $0.20750 could provide support, although bulls may be more likely to buy near the price fractal near $0.18735 if a retracement reaches this level. A break of this area could continue down to sweep the June low near $0.13821 into possible support beginning near $0.13689.