HBAR Price Approaches Major Support — Can Bulls Regain Momentum?

Hedera (HBAR) has fallen around 10% over the past week as selling pressure continues following its sharp rally at the end of September. The token is also down nearly 15% year-to-date, with recent weakness bringing the price back toward levels last seen before the September surge.

HBAR is currently trading around $0.077 after retreating significantly from its early-October high above $0.12. With the price now approaching an important support area, the next reaction could determine whether buyers begin to stabilize the decline or whether the correction extends further.

Hedera (HBAR) technical analysis

HBARUSD - 1 Day Time Frame

HBAR is currently trading around $0.077, following a sustained correction from its early-October high near $0.122. The nearest important support is located around $0.072. This area previously attracted buyer interest in September before HBAR accelerated sharply higher, making it an important level to monitor during the current decline.

A successful defense of $0.072 could provide an opportunity for the price to stabilize and potentially begin rebuilding momentum. A sustained daily move below this level, however, could weaken the structure further and shift attention toward the next major support around $0.065. The $0.065 area corresponds with the August low and represents a stronger structural support level.

If selling pressure continues toward this area, buyer activity would be particularly important to monitor for signs of a potential reaction. On the upside, HBAR would first need to overcome nearby resistance around $0.085 before the short-term technical picture begins to improve.

Hedera (HBAR) price target

The first important upside target is the resistance around $0.085. This area recently acted as support before the latest leg lower and could now present an obstacle if HBAR attempts to recover. A sustained move above $0.085 could improve the short-term outlook and bring the next major resistance around $0.10 into focus. This psychological level also corresponds with an important area from the recent October decline and could attract increased selling pressure.

If buyers eventually manage to reclaim $0.10, the larger resistance around $0.122 could become the next significant upside target. This level marks the recent October high and would likely represent a considerably stronger technical barrier. On the downside, $0.072 remains the main support to watch. A sustained break below it could expose $0.065, potentially extending the current correction.

For now, HBAR remains under short-term selling pressure, with $0.072 representing the key support level and $0.085 the first important resistance. A recovery above resistance could bring $0.10 back into focus, while a loss of support could increase the risk of further downside toward $0.065.

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