Crypto analyst Jesse Olson has identified a concerning pattern in Hedera’s price actions. The technical structure suggests that HBAR might be on the verge of a downturn. After some months of rally last year, HBAR has entered a period of uncertainty, with prices bouncing between $0.25 and $0.31.
The price action has been particularly telling. HBAR price has repeatedly tested the $0.31367 resistance level but failed to break through convincingly. This persistent rejection at higher levels, combined with increasing selling pressure, paints a potentially bearish picture for the token.
“The bearish divergence has not been cleared yet,” Olson notes, highlighting one of several red flags in HBAR’s technical structure. The appearance of a pending sell signal on the daily chart adds weight to the bearish case.
What’s particularly concerning is that three out of four price targets have already been hit, leaving just one crucial support level standing between current prices and a potentially steep decline.
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Critical Hedera Price Support in Focus
The $0.25 level has emerged as a battleground between bulls and bears. This support zone has so far managed to contain selling pressure, but its strength is being tested. Olson warns that if this final support gives way, HBAR could see a dramatic move lower, potentially pushing prices below $0.15.
The persistent bearish divergence and recent price action indicate that lower levels might still be ahead for HBAR. This could be reversed if more buyers step in.
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