HBAR Price Action Suggests Buyers Defending Key Level
Hedera Hashgraph (HBAR) is showing signs of stabilization as the token retests the crucial $0.21–$0.22 support zone, a level that has historically acted as a turning point for price action. Despite recent selling pressure, buyers appear to be holding the line, preventing a deeper breakdown.
The daily chart highlights that HBAR slipped from the $0.26 and $0.30 resistance levels, zones where the market previously rejected upward attempts. Following this decline, the token has now reached the green demand area around $0.22, which aligns with prior accumulation phases.
In recent sessions, HBAR has been trading tightly around this support, suggesting that sellers are losing momentum. If the level continues to hold, the market could witness a rebound toward the immediate resistance near $0.26, followed by the higher barrier at $0.30. A clean breakout above these zones would strengthen the case for renewed bullish momentum.
On the downside, a decisive close below $0.21 could trigger additional losses, potentially pulling the token toward the $0.18 region, where the next demand block rests.
“HBAR is consolidating right at a make-or-break level,” According to BITX technical analyst . “If this support holds, it may act as a springboard for another move into the mid-$0.20 range. However, failure to defend $0.21 could accelerate bearish pressure.”
“Volume has been relatively stable during this retracement, which suggests long-term holders are not exiting aggressively. That provides some confidence for bulls as long as $0.22 remains intact.”
The current setup emphasizes the importance of the $0.21–$0.22 support range. Holding above this level could allow Hedera Hashgraph to regroup and attempt another push toward resistance. Meanwhile, traders remain cautious, waiting for a clear signal above $0.26 to confirm bullish strength.
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.