Hedera price is trying to bounce back from a shocking drop earlier this month. The price fell all the way to $0.072, catching many traders off guard. Buyers have since come back, though, propelling HBAR up to about $0.17.
The recovery is still fragile, but it’s a positive sign that buyers are defending this zone. The big question now is whether HBAR can stay above the $0.15–$0.16 range, because if it can, that might set the stage for another leg up.
What you'll learn 👉
What the Hedera Chart Is Showing
The 4-hour chart shows just how wild this move has been. After the sharp downfall, HBAR has surged again, proving that there isn’t lost demand. However, the token is not doing much to push beyond resistance levels of $0.20, the next pivotal level to watch.
If HBAR is able to break out of that area with good volume, the next level to target would be around $0.24, where it was last trading prior to the huge decline.
But if the Hedera price can’t maintain support at $0.15, things could get ugly again, and a retest of the $0.10–$0.12 level wouldn’t be surprising.
Market Indicators
Momentum is mixed right now. The RSI is around 55, showing there is some buying occurring but not enough to characterize it as an uptrend yet. The MACD started turning modestly positive, which would show that momentum would build if buying continues to be persistent.
Read Also: The Last Time This Indicator Flashed, Ethereum Price Dipped to $1,400, Crypto Analyst Warns
Open interest is sitting around $219 million, showing that traders are active but still cautious after the recent volatility.
What’s interesting is that short positions are still outweighing longs, which means some traders are betting on another pullback, but that also sets the stage for a potential short squeeze if the price keeps climbing.
Hedera Price Short-Term Outlook for the Week
This week could be all about whether HBAR can prove its recovery has legs. If bulls manage to push it past $0.20, confidence could return quickly and bring more volume into the market. But if the HBAR price stalls again, sellers might regain control and test the lower zones.
Right now, it’s a waiting game, traders are looking for signs of real strength before calling it a full comeback. A breakout above $0.20 would be the clearest confirmation that HBAR is ready to move again.
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