HBAR slips 2.24% as price hovers above 20-week average but faces resistance near $0.105 – weekly outlook
Hedera (HBAR) is currently trading at $0.096, having slipped by $0.0021 or 2.13% over the last week. On the weekly timeframe, the price sits just above its 20-week moving average of $0.0949, but remains below both the 50-week ($0.1053) and 200-week ($0.1652) moving averages, indicating modest short-term support with persistent medium- and long-term selling pressure.
Highlights
- HBAR is trading at $0.096, just above its 20-day SMA ($0.0949) but below the 50-day ($0.1053) and 200-day ($0.1652) moving averages, signaling medium- and long-term bearish pressure.
- Momentum and trend indicators remain bearish, with MACD showing strong selling, ADX at 19.33 indicating weak trend strength, and daily RSI at 48.38 with a sell bias.
- Key technical levels for the next 5 trading days are resistance near $0.105 and dynamic support at $0.0907, with likely sideways consolidation between $0.0907–$0.105 and downside risk if support fails.
Muted momentum persists as technical signals confirm weak trend
Technical analysis on the weekly timeframe shows HBAR has immediate resistance at the 50-week moving average around $0.105 and the next significant support at the Ichimoku Kijun near $0.0907. Weekly momentum indicators highlight soft downward pressure — the MACD signals ongoing selling, while the ADX at 19.33 suggests a weak trend. The RSI (W1) is mid-range at 48.38, with a slight sell bias, confirming the lack of strong directional momentum. Other oscillators remain mostly neutral, though Bull/Bear Power readings imply minimal buyer presence.
Bearish tilt seen as weekly range expected to hold
For the next 5 to 7 trading days, HBAR is projected to remain in a consolidation phase, with an expected trading range between $0.086 and $0.105. The prevailing signals indicate a low probability of sustained upward movement and favor further mild downside unless key resistance at $0.105 is breached. Should support at $0.0907 fail, a drift towards the lower part of the forecast range could develop. Overall, range-bound conditions with a bearish tilt are most likely in the week ahead.
Last time, analysts noted that HBAR remains in a corrective phase, with prices volatile and persistence below key averages, as trading activity contracts relative to prior cycles. Technical indicators highlight continued pressure near support zones, while momentum measures such as RSI and MACD suggest a lack of sustained bullish reversal, keeping the asset vulnerable to broader market shifts.
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