The analysis is on HBAR/USDT, focusing on the 4-hour timeframe. The analyst suggests that there is a potential fourth wave bottom around April, similar to XRP's chart. The analyst identifies a wave one upwards, a wave two downwards, and the current state is the fourth wave pullback of wave three. This is valid if the 0.206 cent level (50% retracement) holds. The analyst notes the floor is starting to break and they are breaking below the May swing high around 22.5 cents, indicating weakness. If it breaks below the upper support, it's considered a B wave. If a diagonal pattern occurs, then the analyst would check if the bulls show up between 15.2 and 19.6 cents. A break above the trendline would indicate a low is in, then tracking the fifth wave up. Reclaiming the trend line would be a first sign.