Hedera (HBAR) is currently trading at $0.2168, a 1.02% decrease over the last 24 hours. The trading volume has decreased by 12.16 percent and is currently standing at $206.98 million. These figures consist of reduced market activity and selling pressure in the short term.
Source: CoinMarketCap
Within the last week, the price of HBAR has been declining. The coin has experienced a 4.33 percent decline during this period. This downward trend suggests that the market is bearish.
Crypto analyst Crypto Jobs highlighted the significant price areas of HBAR. The $0.2100 position is another important support, and failing to keep it at that point would lead to a recovery towards the range of $0.2580 to $0.2600. The resistance is identified at $0.2275, $0.2430, $0.2675, and $0.2925, with the potential for an additional increase.
Source: X
Analysts believe that a strong close beyond resistance will reflect a stronger influence of bullish momentum. Conversely, a fall below $0.2100 may put HBAR in the lower demand region of $0.1950 to $0.2000. This situation shows how weak the relationship between buyers and sellers is within the current market structure.
Source: X
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The Relative Strength Index (RSI 14) is 41.13 with low buying power. Moving Average Convergence Divergence (MACD) is still negative with the MACD line of -0.00196 and the signal line of -0.00605. The readings reiterate that selling pressure continues to prevail in the market.
Source: TradingView
According to CoinGlass data, HBAR trading volume fell 6.24% to $283.60 million. The open interest also dropped 2.50% to $367.57 million, which indicates a less efficient activity. Spot and derivatives markets are sluggish, with traders cutting their participation.
The OI-weighted funding rate is 0.0033 percent with a low leverage utilization. Market mood remains reserved, and investors are not taking risks. The data generally points to stunted appetite as traders await clearer market direction.
Source: CoinGlass
Currently, HBAR is in a neutral to bearish situation. Price action demonstrates poor demand, but it is still under support. Traders continue to monitor whether the buyers are defending the zone at $0.2100 or if the sellers are winning the battle. The coin is likely to be moving in the direction of the next move.
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