HBAR, a utility-driven altcoin powering the Hedera Hashgraph network, is currently under mild selling pressure after failing to hold recent highs. While not a meme coin or DeFi token, its enterprise-grade infrastructure keeps it relevant among long-term holders and institutional watchers.
📈 Technical Analysis
- Short-term trend: Bearish to neutral
- Support: $0.2546 (24h low), $0.2500 psychological level
- Resistance: $0.2718 (24h high), $0.2800 zone
- Pattern: Descending channel forming after rejection at $0.2718
- Volume: 40.48M USDT – decent, but tapering off
- Indicators:
- RSI at 47.84 – below midpoint, signaling weakening momentum
- MA(5) < MA(10) – bearish crossover
- Outlook: Bearish unless $0.2600 holds and volume returns
📰 Market Data & News
- Current Price: $0.26028
- 24h Change: -2.43%
- No major headlines or partnerships; sentiment remains cautious
🔄 Scenario Breakdown
- Bullish Case: Break above $0.2718 with volume could retest $0.2800
- Bearish Case: Drop below $0.2546 opens path toward $0.2500 and $0.2400
📊 Sentiment Meter
📉 Bearish Bias – Sellers in control, weak volume
⚠️ Risk Level
🟡 Medium – Some signals align, but confirmation needed
Will HBAR reclaim $0.2718 or slide toward $0.2500? Drop your take below 👇
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