The price of Hedera (HBAR) exhibits a steady decline, having lost over 40% since April. This article presents an analysis of the current market situation.
Market State of HBAR
The daily chart of HBAR indicates a clear downtrend. The current price hovers around $0.14, indicating persistent selling pressure. The last several sessions have seen candle closes in the red zone.
Key Support and Resistance Levels
Based on analysis, the critical levels are as follows:
* Immediate support: $0.1420 * Strong support: $0.1270 * Final defense: $0.1050
For upside recovery, key resistance levels include:
* First resistance: $0.1530 * Major barrier: $0.1675
Price Predictions for HBAR
Currently, there are two main scenarios:
**Scenario 1 – Bearish Breakdown:** If the price of HBAR fails to hold the $0.1420 support, it could lead to further drops to $0.1270.
**Scenario 2 – Relief Bounce:** Given the oversold RSI, a short-term bounce back to $0.1530–$0.1675 may occur.
The situation in the HBAR market remains tense, and upcoming trading will determine further dynamics. Investors should be cautious and closely monitor the indicated levels.
