HBAR drops 1.74% to $0.09095 as sellers dominate 24 hours
Hedera HBAR fell 1.74% in 24 hours to $0.09095, with the daily low at $0.09064 and high at $0.09309. Short-term charts point to renewed selling pressure near the end of the session, and HBAR remains 84.02% below its Sept 2021 all-time high of $0.57.
Traders should note key levels from the article. Support is monitored around $0.0890–$0.0900, while resistance sits near $0.0915 and the daily high at $0.09309. TradingView data shows MACD still slightly negative; however, the histogram suggests a mild recovery, while volume increased into the close.
Analyst COSMIC (via X) argues HBAR is still trapped in a long-term descending trend and a true breakout has not yet appeared. He highlights a “value area” and points to a threshold near $0.04801, with an extremely low region around $0.00674 to watch. The message for investors: avoid panic selling, but be ready for deeper declines—because fresh buying interest could emerge if price revisits lower levels.
Key takeaway for crypto traders: HBAR selling pressure remains dominant, but technical indicators and cited long-term “value area” levels suggest opportunities may open if support breaks or holds.
Bearish
The article frames HBAR’s move as seller-driven: HBAR is down 1.74% and, importantly, remains 84% below its all-time high, implying the broader downtrend is still intact. Short-term indicators are described as still biased toward selling (MACD slightly negative), even though there are mild recovery signals in the histogram. That combination—persistent market weakness plus no confirmed reversal—typically supports a bearish bias for traders.
In the short term, traders may expect repeated tests of the $0.0890–$0.0900 support band. A break below that zone could accelerate downside toward the analyst’s lower “value area” levels (around $0.04801), which often attracts liquidation-driven selling in similar setups. Conversely, if support holds and price reclaims $0.0915, the mild histogram recovery could mature into a range trade.
In the long term, the cited “value area” argument suggests the sell-off might not be a final top; consolidation can persist before a larger trend change. Similar historical patterns—extended descending trends with sporadic bounce signals—often lead to volatility: traders may stay defensive near resistance until a clearer breakout occurs.