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- HBAR up 1.29% daily but down nearly 15% for the week.
- RSI slightly bearish, but OBV suggests growing buyer strength.
- Key resistance at $0.20 could define Hedera’s next move.
Hedera’s native token, HBAR, showed a modest 1.29% gain over the past 24 hours but remains down nearly 15% week-on-week. The token’s trading volume has also halved, according to CoinMarketCap data — a sign that enthusiasm among traders may be cooling after recent market turbulence.
While Bitcoin’s continued strength above $100,000 has offered a lifeline to altcoins, HBAR’s recent performance highlights the uphill battle many tokens face in rebuilding bullish momentum.
Signs of a Bullish Shift — But Confidence Still Fragile
HBAR has shed roughly 25% over the past month, with much of the decline tracing back to the October 10 market crash. However, a break above the local swing high of $0.195 on October 13 suggested a potential shift in trend.
On the daily chart, the Relative Strength Index (RSI) sits at 42.6, showing mildly bearish momentum. Yet, the On-Balance Volume (OBV) has been trending upward, indicating that buying pressure is gradually returning. This divergence hints that buyers haven’t entirely lost control — even if conviction remains fragile.
Short-Term Resistance Could Limit the Bounce
Zooming into the 1-hour chart, HBAR faces strong selling pressure between $0.19 and $0.20 — a key resistance zone that could decide whether the token extends its rebound or slips back lower. The short-term RSI leans bullish, but the hourly OBV shows weak follow-through from buyers.
Also Read: HBAR ETF Sees $30M Inflows as Hedera Hashgraph Prepares for Next Crypto Breakout
Until HBAR convincingly reclaims the $0.20 region with strong volume, its recovery remains uncertain.
Outlook: A Tentative Path to Recovery
Despite recent volatility, Hedera’s technical structure hints at an early attempt to stabilize. If Bitcoin maintains its current range and HBAR sustains higher lows on the OBV, the token could build a base for a more sustained move upward. For now, the recovery effort is fragile — but not without promise.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
