Hedera's native token, HBAR, is currently trading around $0.1717 to $0.174, showing resilience by holding above the critical support level of $0.1686, while facing resistance near $0.1766. The token has been consolidating within an ascending channel, with its price movements closely watched by analysts.
Technical analysis highlights key Fibonacci extension targets at $1.20 and $1.78, which could serve as significant resistance levels if bullish momentum returns. However, indicators like the Chaikin Money Flow (CMF) remain in the bearish zone below zero, indicating ongoing outflows, and the Relative Strength Index (RSI) is below 50, reflecting weak market conditions and limited upward momentum.
Despite bearish sentiment, HBAR has maintained stability above the $0.162 support level for over a month, preventing a decline to lower zones like $0.154. A break above the current resistance could pave the way for a rally toward $0.194 and beyond, but sustained market participation is essential for any significant price movement.
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