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Hedera HBAR Faces Bearish Pressure as Key Resistance Holds Firm
Hedera HBAR Faces Bearish Pressure as Key Resistance Holds Firm
Hedera HBAR News -
HBAR is encountering persistent selling pressure, unable to break through the critical $0.14–$0.15 resistance zone. The 6-hour chart reveals a clear downward channel, with recent rebound attempts lacking conviction. Analysts point to weak recovery momentum and identify $0.100–$0.105 as potential downside targets if bearish pressure intensifies.
Technical patterns show compression between $0.115 and $0.120, indicating pauses rather than accumulation. The upper channel boundary NEAR $0.130–$0.135 continues to suppress rallies, reinforcing the prevailing downward bias. Market sentiment remains cautious as HBAR trades around $0.121, with traders monitoring for either a decisive breakout or further decline.
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