Hedera (HBAR) Struggles to Break Bearish Grip, Tests Key $0.10-$0.11 Support Zone
Hedera's HBAR continues to face sustained bearish pressure, with its price action struggling to maintain critical support levels. The 1-hour chart reveals a clear pattern of lower highs and lower lows, confirming dominant selling pressure. Brief recoveries toward $0.105 have proven temporary, with firm resistance established in the $0.112-$0.115 range.
Daily charts show a 6.5% decline, with early attempts to breach $0.112 met with strong rejection. Current trading activity suggests distribution rather than accumulation, indicating weak buying interest at these levels. The overall market structure remains fragile as HBAR tests the crucial $0.10-$0.11 support range, a key area for future price direction.