Hedera price has taken a serious hit over the past few weeks. In just the last five weeks, HBAR has dropped by around 30%. And it’s not slowing down. In the last three days alone, the token has lost another 15%. So what exactly is going on with HBAR, and should holders be worried?
This is the exact question tackled in a new video by the Crypto ZX YouTube channel. The video focuses entirely on Hedera’s recent price action, current chart structure, and what might happen next. It ties HBAR’s movements to the broader crypto market and makes some key observations about support levels and Bitcoin’s influence on altcoins.
What you'll learn 👉
Market Conditions Are Worsening
Crypto ZX starts by reminding viewers that the overall crypto market has been struggling. According to him, all the gains from the past week and a half have now been wiped out. Bitcoin is leading the charge, but in the wrong direction. While BTC’s price recently dropped 4%, its dominance has been rising quickly and is now approaching a yearly high.
Why does that matter for HBAR? Because rising Bitcoin dominance usually means money is leaving altcoins. So even small drops in Bitcoin price can trigger much bigger losses across the altcoin market including Hedera.
HBAR Price Update and Technical Breakdown
As of the time of the video, HBAR was trading at around $0.154, down by 8.8% on the day. It was also down about 5.6% compared to Bitcoin. Its total market cap was sitting at $6.5 billion, with around $240 million in 24-hour trading volume.
From a technical point of view, the price is now sitting just under the 78.6% Fibonacci retracement level. That’s a key zone and according to Crypto ZX, HBAR even wicked briefly down to $0.15, which is now acting as a tentative support. Right now, the market is in a battle between bulls and bears. If that support gives way, we could see further downside.
Next Support Levels for HBAR Price
Crypto ZX points out that the next key support lies at $0.141. If the current price fails to hold and Bitcoin continues to fall toward $100,000, then a move down to that level is very possible.
He estimates that a drop from the current zone to $0.141 would be an additional 8.53% loss for HBAR holders. He also emphasizes that if Bitcoin doesn’t stay above $106,700, it leaves the door open for more downside, which could drag HBAR down with it.
While the current scenario looks bad, he does leave some room for a potential reversal. He notes that the market is still battling and things could shift quickly if Bitcoin finds stability and altcoin sentiment turns around.
Final Thoughts on the HBAR Selloff
The HBAR price crash is not happening in isolation. It is tied deeply to broader crypto trends, especially Bitcoin’s movement and its rising dominance. While there’s still a chance for recovery, HBAR must reclaim lost support levels quickly to avoid another leg down.
Read Also: Crypto Market Meltdown? While You Panic-Sell, These Traders Loading Up Millions in ETH
Crypto ZX signs off by reminding his viewers that this is a volatile moment for the whole market. HBAR is in a critical zone, and traders should watch closely. If bulls lose this fight, $0.141 becomes the next key level to watch.
Whether you’re a short-term trader or a long-term holder, now is a good time to stay alert and track how Bitcoin moves. Because in times like this, what happens to BTC will likely determine what happens to HBAR.
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