Will Hedera price crash as stablecoin supply and app revenue decline?

WikiBit 2026-04-01 21:39

Hedera price has been in a downtrend over the past month as the token continues to be bruised by the geopolitical concerns that have pushed investors away

Hedera price has formed a descending parallel channel pattern on the daily chart — April 1 | Source: crypto.news

Technical indicators also appear to portray a bearish outlook for Hedera price in the upcoming sessions. Notably, the Bollinger Bands have begun to narrow, with the price trading below the middle band, suggesting contracting volatility while the short-term trend remains tilted to the downside.

The Aroon Down is at 92.86% while the Aroon Up remains at 0%, indicating strong downward momentum and that a recent low has likely been established within the current trend.

For now, the immediate support level for Hedera price lies at $0.087, which aligns with the 23.6% Fibonacci retracement level. A drop below this level could increase selling pressure and open the door for a move toward lower support zones.

Disclaimer：

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Related exchange