Hedera (HBAR) is trading dangerously close to the key psychological level of $0.20, with technical indicators showing mixed signals. The BBTrend indicator has slightly improved to 0.97 but continues to struggle for a breakout above the bullish confirmation level of 1, indicating weak momentum.
Meanwhile, the relative strength index (RSI) has sharply declined from nearly overbought territory to a neutral level of 49.58, reflecting a decrease in confidence following Bitcoin's recent drop. With HBAR hovering at a level that could be pivotal, traders are closely watching whether the support will hold or a deeper correction will occur.
The BBTrend indicator for HBAR is turning positive but is struggling to confirm bullish momentum.
The BBTrend (Bollinger Band Trend) indicator measures the strength and direction of price trends based on how far prices deviate from the moving average within the Bollinger Bands.
Positive values indicate upward momentum and buying strength, while negative values indicate downward pressure. The deeper the value, the stronger the trend, making it useful for identifying breakouts or trend reversals.
When the BBTrend oscillates around zero, it signals indecision or consolidation, while sustained values above 1 are generally seen as confirmation that a bullish move is gaining momentum. The current BBTrend value for HBAR is 0.97, suggesting recovery after a recent bearish phase when it hit a low of -8.99 on May 19 and remained negative until May 22.
This return to positive territory indicates that momentum is trying to shift in favor of Hedera, but the inability to hold above 1 suggests fragile bullish confidence.
While the value reflects an improvement in trend, it also highlights hesitation from buyers, suggesting that HBAR may remain range-bound unless a stronger momentum emerges.
The RSI index for Hedera is dropping to the neutral zone amid a sell-off triggered by Bitcoin.
The relative strength index (RSI) for Hedera has fallen to 49.58, plummeting from 69.91 just a day prior.
This sudden shift reflects a clear loss of buying momentum as the overall market sentiment has shifted to risk aversion following Bitcoin's 3% drop in response to Donald Trump's threat to impose a 50% tariff on the European Union.
The decline in the RSI underscores how quickly investor confidence in HBAR has faded along with the BTC pullback, returning the token to the neutral zone after nearly reaching overbought conditions. The RSI is a momentum indicator that measures the magnitude of recent price changes to assess whether an asset is overbought or oversold.
It ranges from 0 to 100, with levels above 70 usually signaling overbought conditions and the potential for a pullback, while values below 30 indicate oversold conditions and the potential for a rebound.
Now that HBAR's RSI is near the midpoint line, the token lacks a clear trend, indicating indecision among traders. For momentum to return, HBAR needs either a recovery in bullish sentiment or stabilization in the broader market — especially from Bitcoin.
HBAR is nearing a drop below $0.20 — key support levels are in focus.
The price of Hedera is currently at a critical technical milestone, fluctuating just above the psychological level of $0.20. If the bearish momentum persists, the token risks breaking below this level and could decline to the next support at $0.192.
A breakout there would open further declines to $0.184, potentially accelerating short-term selling pressure. This scenario reflects broader weakness in the crypto market, especially after Bitcoin's recent pullback.
However, if sentiment stabilizes and HBAR changes course, the first resistance to watch is at $0.209. A successful breakout above this level could pave the way for a move towards $0.228, an area likely to require strong volume and broader market support for recovery.
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