- Hedera (HBAR) drops below the 20-week SMA, with RSI nearing oversold levels and momentum slightly negative.
- HBAR tests critical support at $0.129, with potential accumulation zones between $0.100 and $0.067 for strategic investors.
- Analysts suggest Hedera could surge to $1–$2 if the $0.06 support holds, offering opportunities despite short-term volatility.
Hedera (HBAR) is moving in a downward direction with the decline in its value as the market conditions turned bearish. The token is currently trading at $0.1327, marking a dip of 3.47 over the last 24 hours.
However, Archax Exchange has successfully executed the first on-chain transaction of the tokenized Canary HBR ETF on the Hedera Network, marking a milestone for blockchain-based financial instruments. The trade took place on Thanksgiving, when US markets were closed, demonstrating that tokenized assets can operate 24/7, even during public holidays.
This transaction highlights the potential of regulated financial products on blockchain, offering investors continuous access and enhanced liquidity. By bridging traditional ETFs with decentralized technology, Archax is advancing the adoption of digital finance, modernizing capital markets with transparent and efficient trading infrastructure.
Also Read: Hedera Hashgraph Price Rally Begins as HBAR Clears Key Resistance Level
Hedera (HBAR) Technicals Suggest Bearish Pressure
The chart indicates that the price is below the mid Bollinger Band (20-week SMA) and is resting on the lower band at $0.131, suggesting bearish pressure upon reaching the support zone at $0.118. The volatility remained on the higher side for the previous year, with peak occurrences at the end of 2024 and the start of the year 2025 and with a considerable peak at $0.35.
Source: TradingView
The RSI (14) is 36.46, close to being oversold, and Momentum (10) is mildly negative at -0.08478, thereby supporting the decline. Both indicators imply that there is short-term bearish market sentiment, as traders await a possible pullback at support levels or a further decline in case the RSI moves below 30 or the price tests support at the lower Bollinger band.
HBAR Could Surge to $1–$2 If $0.06 Support Holds
Moreover, the crypto analyst, Crypto Patel, highlighted that Hedera (HBAR) is hinting at a possible deep retracement while testing the 0.5 Fibonacci support at $0.129.
If a breakdown occurs below this point, the price may likely fall to the 0.618 Fibonacci at $0.098 and then the 0.786 Fibonacci at $0.067 levels, which are perceived as optimal regions for accumulating tokens. Traders are focusing on the $0.100-$0.07 zone for possible entry.
Source: Crypto Patel
The overall forecast is still bullish if the support at $0.06 is maintained, with projections pegged between $1 and $2. Despite possible volatility within the short term, these levels may serve as opportune entry points for traders and investors. Traders and investors should exercise caution tempered with the potential for strong growth for HBAR within the next few months.
Also Read: Hedera (HBAR) Corrects Near $0.146, But 350% Market Cap Gain Possible in Altseason
