Hedera HBAR Nears Critical Support Test at $0.15 Amid Bearish Market Structure
Hedera’s HBAR token is testing a crucial support level following weeks of persistent selling pressure. The cryptocurrency has declined from its recent peak NEAR $0.19 to hover just above $0.175, with trading volume failing to indicate strong buyer interest.
The market structure remains bearish, marked by a pattern of lower highs and lows. A recent flag pattern breakdown suggests potential further declines, with $0.1503 emerging as the next critical support. If this level fails, HBAR could drop toward $0.1276.
Despite minor recovery attempts, resistance around $0.185 has held firm. The absence of significant buying pressure at current levels leaves HBAR exposed to additional downside, as technical indicators continue to favor bearish momentum in the short term.
