Hedera ( HBAR ) faces the risk of losing the $0.15 mark as the bears dominate.

Hedera (HBAR) is under strong selling pressure, plunging about 13.5% in the past week, while the market capitalization remains around 7 billion USD. Technical indicators suggest that the bearish trend is increasingly dominant, with both momentum and price structure leaning towards the bears.

Currently, HBAR is fluctuating near a key support zone, increasing the risk of breaking below the $0.15 mark – something that hasn't happened in many months. If the bulls do not regain control soon, selling pressure may continue to push the price lower before any significant recovery efforts appear.

The BBTrend of HBAR has sharply declined since yesterday

The BBTrend indicator of Hedera has plummeted sharply from 2.59 to -10.1 in just one day, reflecting a drastic reversal in the momentum of HBAR.

This strong decline indicates a sudden increase in selling pressure, which could rapidly change the short-term outlook of the asset.

The BBTrend indicator of Hedera | Source: TradingViewBBTrend (Bollinger Band Trend) measures the strength and direction of a trend based on the position of the price relative to the Bollinger Bands. A positive index indicates upward momentum, while a negative index reflects a downward trend. The further the distance from 0, the stronger the trend.

With BBTrend currently at -10.1, HBAR is falling into a deep downtrend. Without significant buying pressure to balance the selling pressure, the price may continue to weaken in the near future.

Hedera's Ichimoku Cloud Indicates a Clear Downtrend

The Ichimoku Cloud chart for HBAR shows a clear bearish structure, with price action below both the green conversion line ( Tenkan-sen ) and the red base line ( Kijun-sen ).

This setup confirms that the short-term momentum is entirely in line with the long-term downward trend, further reinforcing the negative outlook.

The Ichimoku Cloud indicator of Hedera | Source: TradingViewThe continuous failure of the price to break through these dynamic resistance levels emphasizes the dominance of the bears.

The future cloud is red and is sloping downwards, signaling that the downward pressure may continue in the coming time.

The wide gap between the two Senkou Span A and B lines further strengthens the bearish trend. For the reversal signal to be reliable, HBAR must first break above the Tenkan-sen and Kijun-sen lines, and then enter or rise above the cloud.

Until that happens, the current Ichimoku structure still leans towards a bearish scenario.

Can HBAR drop below $0.15?

The price of HBAR is fluctuating around $0.16 and approaching a key support level at $0.156.

If this support region does not hold, HBAR may continue to drop further, potentially falling below $0.15 for the first time since November 2024.

HBAR/USDT 4-hour chart | Source: TradingViewHowever, if HBAR reverses and regains upward momentum, the first target to watch is the resistance level at $0.179.

If the price successfully breaks through this zone, HBAR could enter a strong recovery phase, targeting the mark of $0.20, and if the momentum continues, it may even reach $0.215.

In a broader bullish scenario, HBAR could climb to $0.25, marking a full recovery and trend reversal.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do their own research before making any decisions. We are not responsible for your investment decisions.

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