HBAR Bounces Back from Lows as Buyers Defend Key Support Zone

HBAR, the native token of the Hedera blockchain network, has shown signs of recovery after a sharp decline in early September.

The token dropped from $0.082 on September 7 to a low of $0.072 by September 16 before witnessing renewed buying interest, and it rebounded to the $0.077 area.

Jesse Olson, a cryptocurrency market analyst, pointed out that HBAR's daily chart formed a bullish divergence with a higher low, indicating support and a possible change in the recent downward trend.

Olson suggested that breaking resistance levels above $0.078 to $0.080 could further validate the recovery setup.