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HBAR Faces Intense Pullback, Eyeing Strong $0.12–$0.14 Recovery Zone

By | Edited By Sahana Kiran,,

HBAR
  • HBAR fell 3.45% to $0.1495, with a market cap value of $6.36 billion and $352.29 million volume.
    Analysts anticipate that HBAR will bottom out within the range of $0.12-$0.14 before any possible recovery.
  • Daily charts show hidden-bullish divergences on the Daily RSI indicators, which confirm a possible turnaround after being oversold.

Hedera Hashgraph (HBAR) is again under pressure, with its market value dropping to $0.1495 due to a 3.45% decline over the last 24 hours. The market cap of this token is currently at $6.36 billion, with a 24-hour trade volume of $352.29 million and a market dominance of 0.20%, which indicates a period of cooling off.

Source: TradingView

Potential Fibonacci Targets Range $1.20–$1.80

A Crypto analyst, ChartNerd, mentioned on X that HBAR could go even lower before gearing up to make a strong positive move higher. As indicated by this analyst, “it will likely bottom out between $0.14-$0.12” before making a possible recovery to its previous highest points. Thereafter, targets could range to $1.20-$1.80 via possible Fibonacci extensions.

Source: X

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HBAR Slips Back Into Descending Channel

Following last week’s sharp flash crash, HBAR slipped back into its descending price channel. ChartNerd described the drop as an “anomaly,” but the return to the range shows that the market is still adjusting. The analyst noted that Wave 2 has seemingly reached completion at the Golden Pocket level on the Fibonacci zone.

Source: TradingView

HBAR attempted to break higher but was pushed back from the 200-day EMA and the upper boundary of the channel, losing both the Daily Pivot and High Volume Node. Indicators are showing a possibility of further declines in the short term.

The daily RSI has entered oversold territory and is now showing hidden bullish divergence, a technical sign that often hints at larger recovering moves ahead.

However, if weakness persists, the next significant area is close to the High Volume Node at $0.13, which can serve as a strong level for a sharp reaction. Analyst suggest that HBAR could eventually gain enough steam to head back to its targets.

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