Hedera is trading around $0.065 after a prolonged decline that has pushed HBAR toward its lowest levels in months.
The 2-hour Binance chart shows a clear bearish structure. HBAR has repeatedly formed lower highs and lower lows, falling from above $0.10 in early October to the current $0.065 area.
However, price is now sitting close to an important support zone, making the next few sessions more interesting than the headline downtrend alone suggests.
What you'll learn 👉
HBAR Price Is Testing a Critical Floor
The most important support on the chart sits around $0.0640-$0.0645.
HBAR recently touched approximately $0.06405 before buyers stepped in, and today’s 24-hour low is around $0.06433.
Independent 4-hour data identifies almost the same area, $0.06434-$0.06461, as the nearest support zone.
That confluence makes $0.064 the level bulls cannot afford to lose.
A convincing break below it would expose approximately $0.0624 next, followed by the psychological $0.060 area. Current daily technical data places deeper support near $0.0599.
RSI and MACD Still Favor Sellers
Momentum is weak, but HBAR is getting closer to conditions where a relief bounce becomes possible.
On the supplied 2-hour chart, the three RSI readings sit around 36, 40 and 43. All remain below the neutral 50 level, confirming that sellers still have control, but they are no longer at extreme readings.
The daily RSI is even weaker at approximately 31.5.
MACD remains slightly bearish as well. The MACD line is around -0.00025 compared with a signal line near -0.00023, and the histogram remains marginally negative.
The important detail is that bearish MACD momentum has become very small compared with earlier parts of the decline. That can precede stabilization, but it is not a buy signal by itself.
CCI near -72 tells a similar story: momentum remains negative without reaching an extreme oversold reading below -100.
Read also: Hedera Price Flashes a Confirmed Buy Signal Near Multi-Month Lows!
$0.067-$0.069 Is the First HBAR Resistance Test
Even a bounce from $0.064 would not immediately reverse the trend.
HBAR first needs to recover the $0.0667-$0.0677 area. This zone contains several recent rejection points and the first meaningful 4-hour resistance cluster.
Above that, $0.0685-$0.069 becomes the next hurdle.
A break through $0.069 would be more significant because HBAR has repeatedly failed to sustain rallies around that area.
The bigger recovery level sits around $0.073-$0.074. Reclaiming it would finally break a portion of the lower-high structure that has controlled price since October.
HBAR Price Forecast
My short-term base case is continued consolidation between roughly $0.064 and $0.069.
HBAR has already suffered a large decline, momentum is approaching oversold territory and selling pressure on MACD is becoming less aggressive. That makes another straight-line collapse less convincing unless $0.064 breaks.
The bullish scenario starts with a move above $0.0677. If HBAR then clears $0.069, price could test $0.073-$0.074, roughly 12%-14% above current levels.
The bearish scenario is cleaner. A confirmed loss of $0.064 would expose $0.062 first and potentially $0.060. Below $0.060, the chart would enter territory not tested during the current decline.
There is also a near-term network event to watch. Hedera’s v0.79 mainnet upgrade is scheduled for November 18 after the testnet successfully moved to the new version on November 6.
For now, though, price remains the deciding factor.
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