Hedera Hashgraph (HBAR) has declined below a key technical support level, increasing near-term downside risk. Technical analysts note a breakdown from previous consolidation, suggesting potential selling pressure at higher levels. While the token’s USD price remains in focus, some see potential accumulation opportunities at lower price levels if current support fails to hold.
Hedera Hashgraph (HBAR) is trading at $0.09208 with a market capitalization nearing $3.93 billion. The token experienced a marginal 24-hour gain of 1.48% according to data from CoinMarketCap.
Analyst CryptoPulse stated that HBAR has decisively lost an important support level. “This… has changed the market structure, and the price action is now vulnerable unless we can reclaim the higher levels,” the analyst explained.
A pullback toward $0.10 to $0.105 could present short-term selling opportunities if momentum slows. Should downward pressure persist, attention may shift to the $0.08 level as the next area of interest.
Providing a longer-term view, analyst CrediBULL Crypto described the higher time frame setup as fairly simple. The analyst suggested placing accumulation orders between $0.04 and $0.08 as a strategy for a gradual entry.
CrediBULL Crypto also emphasized monitoring the HBAR/BTC trading pair over the USD price. The analyst noted this pair remains approximately 18% above its historical range against Bitcoin.
