Hedera (HBAR) is up 5% over the last seven days but is down nearly 4.5% in the past 24 hours, with trading volume dropping 25% to $241 million. This pullback comes as multiple indicators point to weakening momentum, including a sharp drop in BBTrend and a falling RSI nearing oversold territory.
Price action remains caught between key support and resistance levels, while EMA lines still hold a bullish structure—though short-term averages are starting to curve downward. Whether HBAR breaks lower or recovers will likely depend on how it reacts around the $0.191–$0.202 range in the coming sessions.
HBAR Trend Strength Cools as BBTrend Drops Below 6
Hedera’s BBTrend (Bollinger Band Trend) has dropped sharply to 5.95, down from 16.48 just three days ago, signaling a clear slowdown in trend strength.
Despite remaining in positive territory for the past five days, this steep decline suggests the bullish momentum behind HBAR may be weakening.
A falling BBTrend often precedes periods of consolidation or reversal, especially when paired with other signs of cooling volatility or volume.
The BBTrend indicator measures the strength of a price trend using Bollinger Bands, which are volatility-based envelopes plotted above and below a moving average.
When the BBTrend value rises, it typically reflects increasing distance between the price and the Bollinger Bands, indicating growing trend strength. Conversely, a falling BBTrend—like HBAR’s current reading of 5.95—suggests that the trend is losing steam.
If this value continues to decline, it may imply that Hedera could enter a sideways or corrective phase unless fresh momentum emerges.
Hedera Momentum Fades as RSI Slides Below 40
Hedera’s RSI has dropped significantly to 39.75, down from 59.88 two days ago and a recent high of 82.53 just five days ago.
This steep decline reflects a rapid loss of bullish momentum and a shift in sentiment, as traders appear to be pulling back following an overbought phase.
The move places HBAR’s RSI just above the oversold threshold, indicating that bearish pressure has been building quickly over the past week.
The Relative Strength Index (RSI) is a momentum oscillator that ranges from 0 to 100 and is used to assess whether an asset is overbought or oversold.
Readings above 70 typically suggest overbought conditions and potential for a correction, while values below 30 indicate oversold territory and a possible rebound.
With Hedera’s RSI now at 39.75, the asset is approaching oversold conditions but hasn’t crossed the threshold yet. If the RSI continues to decline, it could point to further downside, but if buyers step in near current levels, it may lead to a technical bounce.
HBAR Eyes Breakout or Breakdown at Key $0.191–$0.202 Zone
Hedera price is currently consolidating between key technical levels, with resistance at $0.202 and support at $0.191. Its EMA lines still show a bullish setup, with shorter-term averages positioned above the longer-term ones, indicating the broader trend remains intact.
However, short-term EMAs are beginning to slope downward, raising the risk of a potential death cross—a bearish crossover that could confirm deeper downside.
If HBAR loses support at $0.191, it may decline further toward $0.169 and potentially $0.153 if selling pressure intensifies.
On the other hand, if the $0.191 support level holds and buyers return, HBAR could retest the $0.202 resistance. A breakout above that zone may trigger a bullish continuation, with upside targets at $0.215 and $0.228.
Should momentum remain strong, Hedera could challenge $0.258, marking its first break above the $0.25 level since early March.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.