Hedera latest news: HBAR approaches support near $0.1347 — downside risk remains elevated
Hedera (HBAR) is trading at $0.1354, staying well below its MA-20 ($0.1674), MA-50 ($0.1809), and MA-200 ($0.2026), which indicates that short-, medium-, and long-term trends remain under persistent selling pressure. The nearest dynamic resistance is given by the Kijun line of the Ichimoku indicator at $0.1771, while recent lows near current levels act as short-term support.
Highlights
- Canary Capital's Spot Hedera ETF now holds over 413 million HBAR tokens, accounting for 0.83% of total supply and reducing exchange liquidity.
- Hedera Hashgraph launched a public beta promising 10,000 transactions per second and introduced new smart contract and file storage services at $0.0001 average fees.
- Ecosystem growth accelerated with a 101% increase in developers and new partnerships, including a collaboration with the Linux Foundation.
ETF accumulation tightens liquidity amid ecosystem and developer surge
Canary Capital's Spot Hedera ETF has significantly increased its holdings to over 413 million HBAR tokens, representing about 0.83% of the asset's total supply, resulting in reduced liquidity on exchanges. The Hedera Hashgraph network also began a public beta test, boasting claimed throughput of 10,000 transactions per second and new smart contract and file storage services with average fees of $0.0001. Strong ecosystem growth is supported by a 101% increase in developers and new partnerships such as with the Linux Foundation.Bearish momentum intensifies as oversold signals and intraday gap emerge
Momentum indicators on the daily timeframe remain bearish: MACD and ADX both signal a continuation of downside pressure, and there are clear signs of oversold conditions on RSI (33.7), Stoch RSI (0.0), and CCI (–136.3), reflecting extended selling. BBP shows sellers firmly in control, and the Awesome Oscillator supports the ongoing downward trend. HBAR opened today at $0.1366, just below yesterday's close of $0.1469, indicating a downward gap. The price sits close to the daily low of $0.1347, and intraday volatility has been high. Pressure intensified after the open, with momentum signals and price action reinforcing a sustained bearish intraday tone.Downside risk dominates as trading band and momentum favor further losses
For the next five trading days, HBAR is expected to trade between $0.1220 and $0.1420, with the current price nearly centered within this band. The probability of a further decline is very high (more than 80%), while a rebound appears much less likely. In the baseline scenario, HBAR consolidates within the $0.1220–$0.1420 corridor. A bullish move would require reclaiming the $0.1420 area and the Kijun resistance, prompting a short-term retracement higher. Conversely, a break below $0.1220 would likely accelerate selling and open the way for further downside. All key momentum and trend indicators, both daily and weekly, continue to favor the downside.- Forex
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