Hedera has returned to a price zone that once felt uncomfortable for long-term holders. HBAR trades close to $0.10 after months of pressure that erased a large portion of earlier gains. That level now sits at the center of a familiar debate about fear, patience, and what tends to happen after deep corrections in past market cycles.
Crypto analyst Bmendo outlined this pattern through a timeline of HBAR drawdowns and recoveries that stretches back several years. His breakdown focuses on three major stress periods where price collapsed, confidence weakened, and recovery arrived much later with strong upside. The historical rhythm forms the core of the current discussion around Hedera and HBAR.
The first major example appeared during the 2020 market shock linked to the global COVID crisis. HBAR dropped more than 80% from near $0.05 to about $0.0098 within roughly three months. Recovery required patience. Price later climbed to an all time high near $0.57 in September 2021. That rebound represented a gain above 5,700% from the lowest point.
Bmendo highlighted a second stress phase tied to the 2022 bear market. HBAR fell about 94% from the previous peak near $0.57 to a low close to $0.035 after more than a year of decline. Recovery again demanded time measured in years instead of weeks. Price eventually reached around $0.40 by January 2025. That move delivered a gain above 1,000% from the bottom zone.
These two historical moments shape the narrative that deep fear often arrives before large recoveries. Bmendo uses this context to frame the current period as another test inside the broader Hedera cycle.
💎🙌 $HBAR has put diamond hands through the ringer multiple times—brutal pullbacks that shook out the weak, only to deliver insane rewards to those who held and accumulated.
— Bmendo (@Bmendo_X) February 17, 2026
Deep dive into the tests & gains:
1. 2020 COVID Crash
– Timeframe: ~3 months of bleeding… pic.twitter.com/ONtYVP4Sik
Current Hedera Consolidation Around $0.10 Mirrors Earlier Stress Phases In HBAR
HBAR now sits near the same psychological territory that marked earlier turning points. Price has retraced roughly 75% from the $0.40 highs recorded earlier in 2025. The decline unfolded across several months and left sentiment fragile. Bmendo describes this stage as a consolidation test that historically appeared near the end of prior downturns.
Market structure alone does not define the argument. Bmendo also points to fundamental developments that continued across the decline. Hedera expanded council participation, strengthened real-world asset infrastructure, and supported ecosystem activity tied to projects such as DOVU. These elements developed during weakness instead of strength, which mirrors earlier periods in Hedera history.
The combination of falling price and steady network progress creates tension that often defines late cycle corrections. Previous HBAR recoveries formed after similar conditions persisted long enough to exhaust selling pressure.
Hedera Catalysts And Network Utility Shape The Long Term Outlook For HBAR
Bmendo connects the historical pattern to several forward-looking catalysts linked to Hedera. Developer events, decentralized finance launches such as SILK, enterprise adoption, and macro conditions that favor risk assets all appear in his framework. Each factor relates to real usage rather than short-lived hype.
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Hedera continues to position itself around real-world assets, supply chain tracking, payments, and emerging artificial intelligence integrations. These sectors require infrastructure that supports reliability and scale. HBAR functions as the core asset that secures activity across that environment.
Historical repetition never guarantees future outcomes. Cycles can break or extend beyond expectations. Still, the rhythm outlined by Bmendo keeps attention focused on whether the current $0.10 region represents exhaustion or preparation for another expansion phase.
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