- Hedera gains attention amid Samsung partnership rumors, with HBAR integration into upcoming Galaxy devices.
- Technical indicators remain weak, with MACD showing a bearish crossover and RSI at 37.61, close to oversold conditions.
- If price reclaims $0.19, traders expect renewed bullish momentum that could trigger a breakout and attract buyers.
Hedera (HBAR) is currently experiencing a downward trend, but it also exhibits signs that a strong reversal could be on the horizon. Its price has decreased 3.96% over the last 24 hours and 20.07% over the last week.
At the time of writing, HBAR is trading at $0.1802, supported by a market capitalization of $7.63 billion. Moreover, its trading volume stands at $513.59 million, marking a surge of 26.09% over the last 24 hours.
Source: CoinMarketCap
Hedera Samsung Partnership Put HBAR in the Spotlight
A prominent crypto analyst, STEPH IS CRYPTO, noted that rumors suggest Samsung may integrate Hedera Hashgraph’s HBAR into upcoming Galaxy devices, a major leap for mainstream Web3 adoption. Hedera’s fast, low-cost network already has enterprise backing, but Samsung’s reach could put it in millions of hands. If true, it would mark one of crypto’s most significant partnerships yet.
Integration could bring native wallet support, Hedera-powered apps, and enterprise blockchain tools directly into Galaxy devices. For Hedera, it means mass adoption; for Samsung, a step forward as a Web3 leader. No confirmation yet, but the buzz is loud, and this could be a game-changer for HBAR.
Also Read: HBAR Shows Signs of Reaccumulation: Will it Break $0.37 Soon?
HBAR Eyes $0.19 Breakout to Spark Bullish Momentum
Moreover, the crypto analyst CryptoPulse revealed that HBAR has slipped below its bull flag support on the daily chart, a move that traders often see as a bearish signal. The former support zone has now flipped into resistance, raising the risk of rejection on any short-term bounce. If momentum weakens further, price could slide toward the next key level around $0.128.
Source: X
However, bulls still have a lifeline if HBAR can reclaim the $0.19 zone, an area to regain confidence and potentially see the return of upward movement. A higher breakout of the resistance may rekindle the rally and see the return of the buyer in full force. Until such time, the market remains at the fork between recovery and further correction.
HBAR Technicals Point to Continued Downside Risk
The chart indicates Hedera is moving towards the lower Bollinger Band at $0.17962 with higher volatility. The price remains below the moving average at $0.20842, confirming the bear momentum in the market. The critical support levels have been sealed, with the price approaching the oversold position and suggesting potential further decline.
Source: TradingView
The MACD also supports the bearish move with the MACD line below the signal line and a negative histogram. The RSI at 37.61 indicates the asset is approaching the oversold region. Even with the possibilities of reversal, the short-term guidance remains bearish.
Also Read: Can HBAR Maintain $0.20 Support and Break $0.25 Resistance?
