Hedera (HBAR) Price Analysis: Bearish Momentum Builds as Key Support Gets Tested

Hedera (HBAR) continues to show signs of weakness as the cryptocurrency trades around $0.17999 on May 29, 2025. The 4-hour chart highlights a gradual downtrend over recent weeks, with the price stuck in a narrow range between $0.16 and $0.22. After failing to sustain momentum above $0.22 in early May, HBAR has formed a series of lower highs, indicating sustained bearish pressure.

RSI and MACD Signal Fading Bullish Strength

The Relative Strength Index (RSI) currently stands at 38.68, below the midpoint of 50 and approaching oversold territory. This suggests weak buying interest and the potential for further downside unless a reversal takes place.

The MACD (Moving Average Convergence Divergence) also supports this outlook, with the MACD line at -0.00038 and the signal line at -0.00180. The negative histogram confirms a bearish crossover, reinforcing the downward trend.

HBAR Support and Resistance Levels to Watch

HBAR is trading below both the 9-period EMA ($0.18345) and the TEMA ($0.18067), confirming that short-term momentum remains bearish. The Bollinger Bands show price nearing the lower boundary at $0.17967, a sign that the current downtrend may either continue or pause if buyers step in. The middle band, which represents the 20-period simple moving average, sits at $0.18553, well above the current price.

Immediate support for HBAR is seen at $0.17894. A break below this level could push the price toward the next significant support zone around $0.16. On the upside, resistance is clearly marked at $0.19330 and $0.22853. These levels have capped multiple recovery attempts over the past month and remain critical for any bullish breakout attempt.#HBARPrice