$HBAR
HBAR Price Prediction: Will Hedera Drop Below $0.2?
The Hedera price chart shows that the short-term EMA lines are trading below the long-term lines, confirming the downtrend. If the downtrend continues, HBAR could test the $0.21 support level, and a loss of this level could push it lower towards $0.179.
Selling pressure remains dominant, making these levels crucial for bulls to defend.
On the upside, if HBAR price manages to reverse its trend, the next resistance to watch is $0.248. A break above this level could boost the bullish momentum, which could send the price towards $0.32, its highest since late January.
However, for this to happen, HBAR needs a strong shift in momentum and an increase in buying pressure.