Hedera's HBAR token is trading at risk of further losses as it struggles to reclaim a crucial support level, with analysts warning the larger market structure favors a continued downside. The token is currently priced around $0.12, marking a 3.11% decline over the last 24 hours, according to data from BraveNewCoin.
Technical analysis reveals a precarious position for HBAR. Analyst Popeye (@SailorManCrypto) highlighted on X that the price is trading below a significant support/resistance flip area, a failure to recapture which maintains a bearish structure. He pointed to a large Fair Value Gap (FVG) below the current price, which markets typically revisit, suggesting a move down to fill this imbalance is likely unless bulls can decisively reclaim key resistance.
The daily chart for HBAR/USDT shows a larger downtrend with lower highs and weak momentum indicators. This technical setup implies the price may test lower demand zones unless significant buying pressure emerges. HBAR's market capitalization stands at $5.06 billion, supported by a 24-hour trading volume of $161.66 million, ranking it as the 33rd largest cryptocurrency. Despite this, the token remains nearly 79% below its all-time high of $0.57 from September 2021.
Market behavior shows a lack of bullish conviction. The narrow trading range between $0.12 low and high in the past day indicates traders are sidelined, awaiting clearer directional cues. Some HBAR holders have reportedly exited positions during recent pullbacks, a common reaction to short-term volatility. However, this contrasts with continued development and steady activity on the Hedera network itself.
Concurrently, Solana (SOL) is experiencing a period of consolidation, with its recent price movements suggesting a potential temporary dip as profit-taking occurs after extended gains. The article also mentions BlockDAG's ongoing presale, which offers a fixed entry price until a specified listing date, presenting a contrasting, structured investment timeline compared to the market-driven volatility of HBAR and SOL.
