The analysis suggests that HBAR is currently in a downtrend, with a key support area identified between $0.08657 and $0.08857. The immediate outlook is bearish, but there's a possibility of a bounce to form a wave 4 within the current structure, potentially targeting resistance levels around $0.09954 to $0.10506. A break above the 4-hour trendline and a confirmed 5-wave upward move on a shorter timeframe would be needed to confirm a bullish reversal. Failure to hold the support could lead to further downside.