Hedera (HBAR) is under heavy pressure, falling 5% over the last 24 hours and down more than 25% over the last 30 days. The sudden decline has pushed multiple technical indicators into bearish territory, raising concerns about potential breakdowns.
Momentum has been weakened significantly, with BBTREND and RSI signals showing a deterioration in strength and increased sales pressure. Currently, all eyes are at a significant $0.153 support level, either determining whether the HBAR will rebound or even slide towards a new lower.
Hbar is struggling to regain momentum
Hedera’s Bbtrend is currently -1.2, recovering from today’s -3.27, but still below the 2.63 seen two days ago.
After a short-lived rally, the drop signal fades bullish momentum. HBAR may be moving from a breakout attempt to the integration phase.
Fast bounce from deeper negative levels suggests support from some buyers, but the overall trend remains weak.
A Bbtrend, or Bollinger Band Trend, measures the direction and volatility of price movements for Bollinger bands.
Values ​​above +1 usually indicate strong upward momentum, whereas measurements below -1 suggest bearish pressure. When Hbar’s Bbtrend hoveres at -1.2, the signal becomes bearish, but not deep. It could be that they have lost strength while sales pressure is still dominant.
If BBTREND returns to neutral or reverses to positive, it could indicate a shift to recovered or updated purchase rights.
HBAR RSI plummets below 30: Excessive signal indicates potential rebound
Hedera’s RSI fell sharply from 61.99 just two days ago to 22.29. This indicates that sales pressures increase rapidly.
This decline is a sign of an aggressive revision, pushing HBAR deeper into the territory where it was sold. It may reflect a panic sale, but if a buyer intervene, the rebound door can also be opened.
RSI is a momentum indicator that tracks price speed and size size on a scale from 0 to 100. Measurements above 70 means that the asset is over-acquired, while values ​​below 30 suggest that it is over-sold.
HBAR’s current 22.29 RSI adds it well to oversold territory. If key support is retained, this could further limit the downside and indicate potential rebounds.
Hedera faces a $0.153 breakdown risk
Hedera Price is now slightly above its main support level of $0.153, the zone held in the previous pullback.
However, if this support is tested and failed, Hedera could decline to the next major support around $0.124.
In addition to the bearish outlook, Hbar’s EMA line recently formed the cross of death. This is usually a technical signal indicating downward momentum and potential for further losses.
That said, if momentum is reversed, the outlook could change quickly. If the Bulls regain control and push the HBAR above the immediate resistance at $0.168, the token can test a higher level at $0.175, and even $0.183, if the uptrend accelerates.
These resistance zones have historically acted as inflection points and require a strong volume to break down decisively.
Whether the HBAR collapses or the rebound collapses may depend on how it works at the $0.153 level in future sessions.
Disclaimer
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