Hedera HBAR Holds at Critical $0.145 Support Amid Bearish Pressure
Hedera Hashgraph's HBAR token continues to face downward pressure, currently trading NEAR $0.146 as it tests a crucial support level at $0.145. The bearish market structure persists, with repeated rejections at the $0.20–$0.22 resistance zone reinforcing the downtrend.
Technical indicators remain concerning. The price continues to hug the lower Bollinger Band, indicating sustained selling pressure. The Relative Strength Index sits at 35, reflecting weak buying interest, while the MACD remains below both its signal line and the zero line, confirming bearish momentum.
Despite current weakness, analysts highlight institutional adoption and long-term growth potential as key upside catalysts. The controlled selling pressure, evidenced by tight lower-band movement, suggests potential for stabilization if buyer interest returns to the market.
