Hedera (HBAR) is currently trapped between two crucial resistance and support zones, marked by red order blocks on the chart. Prices are oscillating within this channel. This pattern echoes a similar situation in 2021 when HBAR established a strong base near lower red support before successfully breaking through resistance. However, this time, the ascent was less predictable as prices briefly dipped below the support level before facing rejection at the resistance during its initial breakout attempt. 2021’s consolidation phase might be longer than anticipated. Rekt Capital suggests that HBAR may need to consolidate further within this range before a significant breakout occurs. While the overall macro trend remains intact, momentum has been more hesitant compared to the previous cycle. To confirm bullish sentiment, HBAR needs a weekly close or a clean retest above the top resistance zone. Until then, expect price movement back towards the lower red support zone.