The Hedera (HBAR) price has stayed quiet, but activity around the network has picked up. This week, Virginia launched a live environmental credit market built on Hedera, and energy company Repsol joined the Hedera governing council.
Both moves point to growing real-world use, even as the price continues to drift lower.
Though the market has not reacted yet, these events have still kept Hedera in the limelight. Traders are now waiting to see if the HBAR price is able to sustain major levels of support or if the downtrend still has further to go.
What you'll learn 👉
What the Hedera Chart Is Showing
On the 4H chart, Hedera has been in a steady downtrend since late September, sliding from the $0.23 area to around $0.11–$0.12. The structure remains defined by lower highs and lower lows.
The Hedera price is now consolidating towards the lower end of the range. Although there has been some reduction in sell pressure, there isn’t any indication of an upcoming reversal either. Since the big breakdown in mid-October, all attempts at a rebound have failed short of previous levels of resistance.
HBAR is being supported at around $0.11. However, the price is still below critical Moving Averages, and levels that earlier acted as supports at around $0.18 and $0.23 have become resistance levels. Crossing those levels seems impossible at least in the short term.
Holding $0.11 is critical. A breakdown below that level would likely shift focus toward the $0.10 area.
Market Indicators Signal Stabilization, Not a Reversal
Funding rates remain marginally negative, indicating the predominance of short sentiment continues. However, the fervor in bearish sentiment has moderated compared to what was observed in the initial half of this month, lessening the probability of a rapid flush-through.
The Williams %R oscillator is close to the oversold level, showing a stretched momentum on the downside. This occurs prior to a short-term pop in the market.
Volume on balance is still declining, reinforcing the view that there has not yet been a return to purchasing interest. Further on the topic of volatility measures, the ATR values are placid on the whole.
Read Also: XRP Indicator Points to Possible Short-Term Top
HBAR Price Short-Term Outlook for This Week
For the coming week, HBAR upside appears limited unless buyers reclaim lost ground quickly. A relief bounce towards the $0.13-$0.14 region may be expected if prices remain above $0.11 and if short-term momentum supports.
A better buy would require a breakout above $0.15, but that seems to be difficult at the moment. A decrease of $0.11 will shift the attention to $0.10, which might be a buy point but will also generate greater selling pressure if it fails.
For now, the HBAR price looks more like a market in pause than one ready for a breakout. Traders will be watching support closely, while longer-term developments continue to build quietly in the background.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
