Hedera ( HBAR ) is under significant pressure on the long term timeframe, falling 5% in the past week and over 23% in the last 30 days. This sharp decline has pushed many technical indicators into the negative zone, raising concerns about the possibility that HBAR will continue to plummet.
The momentum is significantly weakening, with the BBTrend and RSI indicators showing a diminishing strength and increasing selling pressure. The current focus is on the important support level at $0.153 — a factor that could determine whether HBAR will recover or continue to fall to new lows.
HBARstruggles to regain upward momentum
The BBTrend indicator of Hedera is currently at -1.2, recovering from -3.27 yesterday but still significantly lower than the 2.63 recorded two days ago. This declining trend indicates that the bullish momentum is fading after a brief recovery. Therefore, HBAR may be transitioning from a breakout attempt to a consolidation phase.
The quick rebound from deeper negative levels indicates some supporting buying force, but the overall trend remains weak.
BBTrend of HBAR | Source: TradingViewBBTrend (Bollinger Band Trend) measures the strength of the trend and the level of price volatility compared to the Bollinger Bands. Values above +1 usually indicate strong upward momentum, while values below -1 signal downward pressure.
With BBTrend of HBAR fluctuating around -1.2, the signal is leaning towards a downtrend, but not too negatively — suggesting that although selling pressure still dominates, it may be gradually weakening. If BBTrend returns to the neutral zone or shifts to positive values, that could signal a recovery or the return of buying strength.
RSI of HBAR plummets below 30: Oversold signal indicates recovery potential
The RSI index of Hedera has plummeted sharply to 22.29 compared to 61.99 just two days ago. This indicates that selling pressure is increasing rapidly. The downward momentum has pushed HBAR deep into the oversold zone, signaling a strong correction. While reflecting the panic of investors, this could also be a recovery opportunity if buying power emerges.
The RSI of HBAR | Source: TradingViewRSI is a momentum indicator that measures the speed and change of price movements on a scale of 0 to 100. A reading above 70 typically indicates that an asset is overbought, while a value below 30 is considered oversold. The current RSI of HBAR is at 22.29, deep in the oversold zone. If the key support level holds, this could limit further plummet and signal a potential recovery.
Hedera faces the risk of breaking the support level of 0.153 dollars
Currently, the price of Hedera is fluctuating just above the important support zone at $0.153 — an area that has previously held firm during earlier corrections. However, if this support level is tested and fails, the price of HBAR may plummet to the next strong support zone around $0.124.
Reinforcing the negative outlook, HBAR's EMA lines have recently formed a death cross pattern — a technical signal that often indicates a downward trend and the risk of continued losses.
HBAR Price Chart | Source: TradingViewHowever, if the momentum reverses, the market outlook could change rapidly. If the bulls regain control and push the HBAR price above the nearest resistance level at $0.168, this token could move towards testing higher levels at $0.175 and even $0.183 if the upward trend is strongly driven. These resistance zones had previously played a crucial role as key reversal points in the past and will require significant trading volume to break decisively.
Whether HBAR continues to weaken or recovers will likely depend on how the price reacts around the 0.153 dollar mark in the upcoming sessions.
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Hedera ( HBAR ) may fall 19% if these important support levels are broken.
Hedera ( HBAR ) is under significant pressure on the long term timeframe, falling 5% in the past week and over 23% in the last 30 days. This sharp decline has pushed many technical indicators into the negative zone, raising concerns about the possibility that HBAR will continue to plummet.
The momentum is significantly weakening, with the BBTrend and RSI indicators showing a diminishing strength and increasing selling pressure. The current focus is on the important support level at $0.153 — a factor that could determine whether HBAR will recover or continue to fall to new lows.
HBAR struggles to regain upward momentum
The BBTrend indicator of Hedera is currently at -1.2, recovering from -3.27 yesterday but still significantly lower than the 2.63 recorded two days ago. This declining trend indicates that the bullish momentum is fading after a brief recovery. Therefore, HBAR may be transitioning from a breakout attempt to a consolidation phase.
The quick rebound from deeper negative levels indicates some supporting buying force, but the overall trend remains weak.
With BBTrend of HBAR fluctuating around -1.2, the signal is leaning towards a downtrend, but not too negatively — suggesting that although selling pressure still dominates, it may be gradually weakening. If BBTrend returns to the neutral zone or shifts to positive values, that could signal a recovery or the return of buying strength.
RSI of HBAR plummets below 30: Oversold signal indicates recovery potential
The RSI index of Hedera has plummeted sharply to 22.29 compared to 61.99 just two days ago. This indicates that selling pressure is increasing rapidly. The downward momentum has pushed HBAR deep into the oversold zone, signaling a strong correction. While reflecting the panic of investors, this could also be a recovery opportunity if buying power emerges.
Hedera faces the risk of breaking the support level of 0.153 dollars
Currently, the price of Hedera is fluctuating just above the important support zone at $0.153 — an area that has previously held firm during earlier corrections. However, if this support level is tested and fails, the price of HBAR may plummet to the next strong support zone around $0.124.
Reinforcing the negative outlook, HBAR's EMA lines have recently formed a death cross pattern — a technical signal that often indicates a downward trend and the risk of continued losses.
Whether HBAR continues to weaken or recovers will likely depend on how the price reacts around the 0.153 dollar mark in the upcoming sessions.
Dinh Dinh