Hedera (HBAR) Price Slips Back Into Downtrend After Failed Breakout Attempt
Key Takeaways
- HBAR has declined to $0.18 after failing to sustain an uptrend from its recent breakout.
- The token trades within a descending triangle, typically a bearish formation.
- Analysts expect the token to stay range-bound around $0.18 unless a major catalyst emerges.
- Interested in buying or selling HEDERA HBAR? Read our review of the best exchanges to buy and sell HEDERA HBAR.
The price of Hedera (HBAR) delclined from $0.38 to $0.18 between Jan. 17 and Feb. 27. Shortly after this correction, the price broke out of the decline, showing signs of a sustained uptrend.
However, the upswing turned out to be a fakeout. As a result, the token’s value is back at $0.18 as of this writing.
Will HBAR resume its uptrend? That is the likely question on many market participants’ minds. In this analysis, CCN examines key indicators to determine the cryptocurrency’s price potential.
HBAR Fails to Sustain Uptick
On the daily chart, HBAR’s price rose to $0.27 on Monday, March 3. This happened after the price bounced off the descending trendline, as shown below
However, the token faced resistance as it attempted to rise toward $0.30, forcing a pullback to $0.18. Due to the decline, HBAR’s price is trading inside another descending triangle, which is bearish.
As of this writing, the token is nowhere near rising above the upper trendline of the bearish pattern. If this trend continues, it could be challenging for the token’s value to erase a large chunk of its 37% yearly correction.
Furthermore, the Awesome Oscillator (AO), which measures momentum using historical and recent price movement, is in the negative region. The AO reading indicates that the momentum around HBAR is bearish.
Failure of the AO to break above the zero line might force HBAR to remain stuck below $0.27.
Analysts Share Their Thoughts
Beyond the technical setup, some analysts share a bearish outlook on HBAR’s short-term prospects.
Experts at B2BINPAY, a leading European crypto platform for businesses, suggest the token may remain range-bound around $0.18.
In an exclusive conversation with CCN, the analysts noted that the only potential catalyst for a breakout could be the launch of a Hedera exchange-traded fund (ETF).
“As for the short-term coin’s performance, these days, HBAR demonstrates an obvious downtrend. It appeared after the recent ATH was hit in January 2025.
Now, during the whole month starting from the end of February, the coin is in its consolidation phase, gets closer to the “psychological” $0.18 level, and pulls back, which indicates market participants’ uncertainty,” The B2BINPAY analysis team stated.
HBAR Price to Remains Stuck
In the meantime, we further examined HBAR’s price action on the daily chart. The chart below illustrates that the cryptocurrency’s value has dropped below the 20-period Exponential Moving Average.
The 20 EMA (blue) has historically proven to be a key support. When the price is above it, the uptrend is likely to continue.
But when the price is below it, the assets undergo a correction. Considering the EMA position on the HBAR/USD daily chart, the cryptocurrency’s value might risk dropping to $0.13.
On the flip side, this trend might change if HBAR’s price rises above the 20 EMA. In that scenario, the value might climb to $0.26.
However, in a highly bullish scenario, the token could rise as high as $0.32.
Additionally, the analysts at B2BINPAY added that a potential HBAR ETF approval could also switch the trend from bearish to bullish.
“If, in the end, the Hedera Trust will be listed, then investors may anticipate the price will hit $0.5 level by the end of the year,” The team told CCN.
