The analysis focuses on Hedera Hashgraph, ticker symbol HBAR, paired against USDT, and its current positioning in a wave two correction, tracking two scenarios, and indicating the absence of a confirmed breakout signal. A key resistance level is identified at 0.217 cents, corresponding to the swing high from October 10th. It says that a confirmed break above this level is needed to turn bullish. Without it, the market is range-bound, and the price pressure seems to be downward in the immediate short term. A potential sell-off scenario is visualized. The analysis suggests a possible initial one-two setup and another one-two setup and the price could drop to 0.15571. If price goes above 0.217 cents the analyst will look for 0.30592, as further resistance.