Hedera Price Prediction: Can HBAR Reach $0.209 After $0.096 Bounce?

Hedera (HBAR) ranked 6th on the most visited crypto symbols chart offered by @Stocktwits. Data from the platform shows the growing interactions of the trading community with HBAR. This indicates that the community is curious about the developments taking place in Hedera.

Meanwhile, XRP claimed the 2nd position on the same list. The continued inclusion of this symbol and others within the list of top trending symbols is a testament to the active users of the coin. Traders are closely following the developments within the XRP market, and this shows that the coin remains popular within the crypto market.

Also Read: Hedera Hashgraph Price Rally Begins as HBAR Clears Key Resistance Level

HBAR Price Faces Bearish Trend Challenges

According to crypto analyst @Finora_EN, HBAR on the 4H chart is in a strong bearish trend, defined by consistent lower highs and lower lows. The price has repeatedly faced rejection from key supply zones, especially around $0.148–$0.153 and $0.128–$0.132, indicating heavy selling pressure and a lack of sustained bullish momentum.

Source: @Finora_EN

The recent rise on the $0.106-$0.110 support levels indicates short-term interest, although there is still a correction happening. The current $0.116-$0.118 levels will definitely be a key point. Failure at this point may cause another drop, or there could be a rise through the higher support levels.

Technical Levels and Key Support Zones

Additionally, HBAR is currently trading below key moving averages, including the 20 SMA at $0.124, 50 SMA at $0.158, 100 SMA at $0.191, and 200 SMA at $0.209. The bearish trend is strong in the sense that it has been creating lower highs and lower lows since October.

HBAR’s strong rebound of 11.31% after touching the lower Bollinger band of around $0.096 indicates a relief rally. However, the fact that the price is resistant to the 20 SMA and the Bollinger middle band at around $0.124 indicates that the market momentum is not fully reversed.

Source: TradingView

Traders will want to note the levels of resistance between $0.152 and $0.158, and then more formidable levels at $0.190 and $0.209. On the downside, the levels of support are at $0.105 and then $0.096, while a breakdown below $0.080 will have serious consequences. Above $0.158 would indicate a strengthening trend.

Also Read: HBAR Sets Up for $0.39 Rally as Hedera Drives Real Estate Tokenization