Hedera’s HBAR token is challenging the psychological $0.0705 level after bouncing from an intraday low near $0.069 on August 2nd. The price is currently hovering around $0.0699, up 0.14%, but remains under heavy supply and is still 87.72% below its February 2025 peak of $0.57. Market capitalization stands at approximately $3.06 billion with daily volume of $37.55 million.
Technical indicators from TradingView show early momentum improvement. The MACD histogram has risen to $0.00033 and the MACD line is curling upward, while the RSI touched 49.95 before pulling back, recovering from oversold territory toward neutral. Buyers managed to lift the price above $0.0689 earlier in the week, but sellers returned near $0.070.
Key support rests at $0.0688, with a breakdown risking a slide to $0.066. Resistance begins at $0.0705, and a daily close above $0.075 would provide the first stronger confirmation of a trend reversal. Such a move could expose targets at $0.073 and $0.075, with further hurdles at $0.080 and $0.090. The price needs to clear $0.10 to mark a meaningful structural change.
An X post predicted HBAR would complete its correction by October, followed by a new all-time high. However, technicals remain cautious; sellers still dominate the broader trend while the token trades below $0.075.
