Hedera’s native token, HBAR, is finally showing some strength after weeks of drifting lower. After falling from above $0.22 earlier this year to under $0.13, the token is now staging a small comeback. Traders are watching closely to see if this bounce can lead to a bigger move.
Over the past few days, HBAR climbed back above $0.15, and that shift has brought encouraging technical signs. The Relative Strength Index (RSI) has pushed up to 64, well above its average of 45. That’s often an early sign that momentum is improving. While the token is still well below the 200-day moving average around $0.22, this recent price action is the most positive we’ve seen in weeks.
Weekly Signals Are Still Mixed, But Selling Pressure Might Be Slowing
Even with short-term signs improving, the weekly indicators suggest that caution is still needed. The MACD is just barely in the red at -0.001, which means the overall trend hasn’t fully flipped yet. The Commodity Channel Index (CCI) sits at -140, showing that HBAR has been heavily oversold. That kind of reading sometimes hints at a relief bounce coming.
The Rate of Change (ROC) is sitting at -17, which confirms recent weakness, but this could change if the price keeps climbing. The Ultimate Oscillator is currently around 37. That’s still on the lower end, but it’s slowly ticking upward. Altogether, these numbers suggest that HBAR might be starting a recovery, but it’s still early. A true trend reversal hasn’t been confirmed yet.
The next big test for HBAR is the resistance zone between $0.16 and $0.17. That level used to be support earlier this year but could now act as a ceiling. If the price breaks through, it would be a strong sign that bulls are back in control.
Read also: Can 2,000 Hedera (HBAR) Tokens Really Make You Rich by 2030? Here’s the Truth
HBAR Price Forecast: Can the Rally Continue?
Looking ahead, the forecast for HBAR depends on whether buyers can keep pushing the price higher. If the token climbs past $0.17 with solid volume, there’s a good chance it could retest $0.20 or even $0.22. That would mark a strong rebound from the recent lows.
But if this rally fades and HBAR slips below $0.13 again, the next support is near $0.12. If that level fails too, we could see the price drop closer to $0.10 before finding a new bottom.
Right now, there’s cautious optimism. HBAR has shown signs of life, but it still needs follow-through. More volume, better user engagement, or a fresh headline could help carry the momentum forward. If that happens, Hedera might start to build a stronger base for the next move up.
For now, the bounce is promising – but the bulls have more work to do.
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