Hedera Hashgraph’s token HBAR is under significant pressure after dropping over 15% in the past week, mirroring a broader crypto market pullback. Technical indicators now suggest that further losses may be on the horizon for the altcoin unless key support levels hold.
HBAR Falls Below 20-Day EMA: A Bearish Technical Signal
In recent sessions, HBAR fell below its 20-day Exponential Moving Average (EMA) — a crucial short-term momentum indicator. The token currently trades near $0.239, while the 20-day EMA sits above at $0.2446, now acting as dynamic resistance.
When price breaks below this moving average, it indicates weakening bullish momentum and growing sell-side pressure.
This technical breakdown is concerning because it often leads to further downside unless buyers step in decisively.
MACD Bearish Crossover Confirms Downtrend
Adding to the bearish outlook is the MACD indicator, which shows the MACD line crossing below the signal line, with growing red histogram bars.
This crossover signals that downside momentum is accelerating, and traders should remain cautious about entering long positions until a reversal setup appears.
Unless bulls reclaim the EMA and reverse the MACD setup, continued losses remain likely in the short term.
HBAR Price Outlook: Can $0.228 Hold as Support?
If the bearish momentum continues, HBAR may retest the $0.228 zone, which is the next notable support. A decisive break below this level could open the door toward $0.200, especially if market-wide sentiment deteriorates.
Short-term traders should monitor volume and price reaction near $0.228, as failure to hold could trigger a cascade of selling.
On the upside, any break above the 20-day EMA with increasing volume may invalidate the bearish outlook — but for now, the bears remain in control.
Conclusion: HBAR’s recent price action and technical setup point toward extended downside risk. Traders should stay alert and manage exposure, as the market signals a lack of short-term bullish momentum.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.