Will the Hedera Price Continue to Fall? | Credit: Hameem Sarwar
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Key Takeaways
Hedera (HBAR) has retraced its rally in the Exchange-Traded Fund (ETF) market.
Hedera has completed a short-term A-B-C corrective structure.
Will Hedera’s price fall to new lows, or can it reverse its trend?
Hedera (HBAR) has lost steam after its ETF-driven rally, signaling a potential shift in trend.
The completed A-B-C corrective structure suggests that bulls have already lost momentum and bears have taken over.
HBAR faces more downside pressure in the short term, which could lead to lower prices if the current channel fails to initiate a bounce.
Hedera’s Bounce Ends
The four-hour chart shows that the price of Hedera completed an A-B-C correction (green) starting on Oct. 10.
Even though the bounce was substantial, the nature of the increase suggests that it was corrective.
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Finally, momentum indicators are bearish. The Relative Strength Index (RSI) fell below 50 while the Moving Average Convergence/Divergence (MACD) is negative.
Therefore, the Hedera price prediction is bearish, and new lows are likely to be reached before the end of the year.
Why is Hedera Going Down?
A closer look at the six-hour price chart shows that Hedera is trading inside an ascending parallel channel and risks breaking down from it.
HBAR trades in the lower portion of the channel, increasing the likelihood of a breakdown.
Like the 4-hour chart, the RSI and MACD are bearish, supporting the possibility of a breakdown to new lows.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
