Hedera weekly forecast: Struggles near support as institutional activity offsets weak fee revenues
Hedera (HBAR) is treading near $0.069 after falling about 4% over the past week, with institutional activity helping steady sentiment at key support. The combination of network delays and cautious buying sets up a pivotal week as traders monitor whether support can hold or if further declines are ahead.
Highlights
- Hedera trades at $0.069 after a 4.36% weekly decline, remaining below major moving averages with persistent downside pressure.
- Technical signals including MACD and ADX indicate a strong bearish trend, with volatility at 11.26% for the week.
- Hedera is expected to move between $0.0587 and $0.0729, with high probability of further declines unless price clears $0.0741 resistance.
Upgrade cancellation amplifies uncertainty as institutional flows and regulatory ties persist
Hedera cancelled its v0.79 testnet upgrade, which was expected to introduce new features to the mainnet, creating some market uncertainty according to openPR.com and Cryptoticker.io. Meanwhile, HBAR took part in regulatory discussions with the CFTC Super Intelligence panel and was invited to meetings with the EU Financial Services Commission and DTCC, reflecting ongoing institutional engagement. Despite steady institutional demand, evidenced by a $2.73 million net inflow into Canary's HBAR ETF, analysis suggests network fee revenues remain low and there is not yet clear accumulation by enterprise clients.
Momentum turns firmly bearish as MACD, ADX, and volatility spike over the week
The daily chart signals a firm, trending move lower, highlighted by a sustained move lower with a firm trend and 11.26% weekly volatility. MACD and ADX both indicate sell conditions, while level-based momentum readings such as RSI at 32.877 and CCI at -97.1053 remain neutral. Support rests at $0.0666, resistance at $0.0741, and the Ichimoku Kijun at $0.0806 acts as an additional barrier overhead.
Downside risk dominates next week as support and range floor come into view
Over the coming week, Hedera is expected to trade between $0.0587 and $0.0729. There is a very high probability (more than 80%) of a further decrease and a very low probability (less than 20%) of an increase. The base case remains continued downside risk within this range, with any move above $0.0741 potentially invalidating the bearish view. A drop below $0.0666 would open up further losses toward the range floor.
Previously it was reported that Hedera faced persistent bearish momentum, with downside risks dominating market direction due to technical weakness and delayed network upgrades. The latest analysis reinforces this outlook, highlighting a potential shift to the next lower trading band if the $0.0666 support is decisively breached in the coming days.