Hedera Price Analysis Shows Persistent Bearish Pressure Near $0.112

Hedera continues to be on the wrong side of the market with price having trouble stabilizing below major resistance zones with deteriorating momentum and participation defining a pessimistic tone.

The traders are observing the ability of support or bearish control can go further.

HBAR Price Short-Term Price Chart Structure

Analysis of the HBAR Price in the 1-hour price chart depicts a clearly stated short-term negative direction. The price movement has been continuing to create steady lower highs and lower lows hence the presence of perennial bearish movement throughout the session.

A number of sharp sell-offs have been interspersed by short periods of relief and this shows that the sellers are still in the hot seat whilst buying interest is still low.

Source: Open Interest

The latest candles are a slight recovery of the local low around $0.105. Nonetheless, it is merely a follow through move and is still a long way away from major resistance points of between $0.112 and $0.115.

In the token paradigm, these previous levels of support are now overhead resistance, and will not allow any upside attempts unless increased volume gets into the market.

24-Hour Price Chart Shows Rejection Near $0.112 and Slide to $0.105

On the 24-hour price chart, the coin shows a clearly bearish trading session, with price declining by approximately 6.5%. The asset traded within a narrow range between $0.10 and $0.11, but the internal structure leaned toward distribution rather than accumulation. An early attempt to push toward $0.112 was firmly rejected.

Source: BraveNewCoin

After the rejection, price moved downward in the course of the session and created a series of lower highs and lower lows.

Volume increased as the decline increased, which points to greater selling involvement and not low-liquidity drift.The inability to hold above $0.105 continues to reflect weak buyer demand at mid-range levels.

Daily Price Chart Shows Extended Bearish Trend Around $0.105–$0.11

The HBAR/USD daily price chart is supportive of an extended bearish formation after a significant distribution phase.

Upon the blow-off high at approximately the $0.30 level, the price has entered a medium-term downwards trend characterized by lessening relief rallies and incessant selling pressure.

Trading around the current levels of around the $0.105 to the $0.11 looks like it was in an historical demand zone but no clear turnaround has been established.

Source: TradingView

momentum indicators also endorse this pessimistic perspective. The MACD is not above the zero line, shallow momentum, and little bullish divergence.

In general the token analysis, the market is structurally bearish until price can regain and support above the $0.13-$0.15 range. Downside risk would be active even in case of failure of support of $0.10.