Hedera's price has been sliding in a continuous downtrend, having lost more than 40% from its April highs. The daily chart shows a continued decrease in momentum, with lower highs and lower lows defining the current structure. As Hedera's price approaches the $0.14 area, traders are wondering: Is this just a temporary pause before further declines, or is it a reversal opportunity? Let's analyze the chart and predict what might happen next.
Hedera price forecast: What is happening on the chart?
One-day chart of the pair
On the daily chart of the Heikin Ashi index, the price is clearly trending downwards.
The candles have remained red for several sessions, reflecting continued selling pressure. The current price is approximately $0.14391, and importantly, it has fallen below a key horizontal support area from March and April, now turning into resistance at around $0.15.
The Relative Strength Index (RSI), at 27.06, confirms this downward trend, as it sits in the oversold area. This area is typically where assets become technically undervalued, and rebounds can occur - but oversold does not always mean a directional reversal without a catalyst.
Main support and resistance areas
Based on Fibonacci retracement and the visible price structure, here are the critical areas:
Immediate support: $0.1420
Strong support: $0.1270
Final defense: $0.1050
If the price drops from here, the first target is likely $0.1270. From the current level, about 11.74%.
For the upward rebound:
First resistance: $0.1530
Key barrier: $0.1675
If the price recovers the $0.1530 level, it may return to $0.1675 - an increase of approximately 16.37%. This sets up a risk-to-reward ratio of 1:1.4 for adventurous buyers, making this area attractive for reversal traders.
Relative Strength Index and momentum: Is a rebound imminent? The Relative Strength Index (RSI) at 27.06 is the highest reading for HBAR in the oversold zone since April. This indicates a slight upward potential in the short term. However, the moving average of the RSI at 35.82 still points to a decline, meaning the broader momentum has not changed yet.
To confirm the reversal, the Relative Strength Index must break the 35 level and the price must close above $0.1530.
Hedera price forecast: What's next for HBAR?
Scenario one - bearish breakdown:
If the HBAR price fails to maintain support at $0.1420, it could drop towards $0.1270, and if selling accelerates, it may reach $0.1050. This would be a clear continuation of the downtrend.
Scenario two - retracement bounce:
Considering the Relative Strength Index (RSI) in the oversold area and previous rebounds from similar areas, a short-term rebound towards $0.1530-$0.1675 is possible. However, for the bulls to take control, a strong candle close above $0.1675 is crucial.
Summary: Should you buy HBAR now?
Hedera's price is in a critical area. Technically oversold, but it has not yet shown signs of reversal. Short-term traders may look for rebound opportunities, but only with tight stop-loss orders below $0.1420. Long-term investors may consider averaging in only if the price holds at $0.1270.
In the current situation, the next big move for HBAR will be determined in the next few daily candles. Recovering $0.15 could change sentiment, but breaking $0.1420 could lead to a 10-15% drop.