We analyze the current state and price prediction of Hedera (HBAR) for July 2023. Key support and resistance levels and potential scenarios are discussed.
How Did HBAR Perform in June
At the beginning of June, HBAR opened above $0.165 but quickly fell into a downtrend, reaching around $0.130 by mid-month. The recovery from the $0.128–$0.130 support zone failed to break resistance at $0.152. Overall, HBAR lost about 10–15% in June and could not establish itself above key levels.
Hedera Price Chart Analysis
On the HBAR chart, the prevailing downtrend remains apparent. Currently, the price is still trading below the 200-period moving average at approximately $0.159. The recent attempt to break above $0.152 was rejected, showing that sellers are in control. Key support remains at $0.144–$0.145.
HBAR Price Forecast for July
There are several scenarios for HBAR. In a bearish scenario, if the price breaks below the support level of $0.144, it could slide back toward $0.130. In a bullish scenario, breaking above $0.152 and $0.159 could lead to a rise towards $0.165–$0.170. Currently, the market shows insufficient strength to support an upward move.
The current price situation for HBAR indicates a lack of momentum and potential further fluctuations. Predictions remain uncertain, and price behavior will depend on the upcoming days.
