Hedera entered a restricted trading area on March 24. Now, traders are watching to see if HBAR can break through the surrounding resistance or move back toward support.
Hedera’s price short-term price action stayed steady, while technical charts indicated that the market was holding close to an important pivot band.
HBAR Data Points To $0.08 Support and $0.102 Breakout Trigger
According to a CryptoGrim post on X, the HBAR structure won’t break until the $0.08 region does. A move above $0.10102 would indicate that the token is about to enter a stronger move, according to the same post. Another significant signal was identified as support above $0.09425, which the chart framed as a potential low.
Chart markings in the X post showed a broad base pattern with a right shoulder forming above the recent lows.
Resistance bands were drawn near $0.09512, $0.10103, and higher levels around $0.11409 and $0.12100. Those levels matter for traders since the market is still below the main breakout line, yet the price has not lost the larger structure described in the post.
Market Data Shows HBAR Holding a Tight Intraday Range
Supply data listed 43.30 billion HBAR in circulation. The token remained far below its all-time high of $0.57 from September 15, 2021, leaving it down 83.74% from that peak. Even so, current price action showed HBAR stabilizing near the low-$0.09 zone, which keeps attention on whether buyers can maintain this base long enough to push higher.
Hedera was up 2.98% over the previous day at $0.09259, according to BraveNewCoin market data. The price fluctuated between $0.08886 and $0.09489, giving HBAR a daily range of slightly more than 0.5 cents.
Volume was $128.85 million, market capitalization was $4.01 billion, and the chart panel displayed $140.43 million.
Technical Shows HBAR Capped Below $0.10015 Resistance
Meanwhile, MACD stayed slightly negative, with the MACD line at -0.00141, the signal line at -0.00117, and the histogram at -0.00024. Those readings showed weak momentum rather than a strong trend. For traders, the main levels are now clear. Support sits near $0.09175 and $0.08977, while resistance stands near $0.09496 first and then $0.10015.
Following an open at $0.09323, a high at $0.09454, and a low at $0.09175, the TradingView chart closed HBAR/USDT at $0.09382. As a result, the token’s daily gain was 0.62%.
Bollinger Bands set the middle band at $0.09496, the lower band at $0.08977, and the upper band at $0.10015. Price closed just below the middle band, keeping the market neutral.
Source: https://bravenewcoin.com/insights/hedera-price-prediction-hbar-holds-near-0-093-as-charts-signal-key-test-ahead
