Hedera (HBAR) Yet To Find Stability Following 16% 3-Month Decline — What’s Holding It Back?

Hedera (HBAR) isn’t crashing like it was earlier in the year. However, it’s not recovering either.

After a 16% decline over the past three months, HBAR’s price is now stuck in a phase that traders often find the most difficult to navigate — instability.

While the altcoin is moving, the direction is still missing.

This ongoing hesitation is raising a bigger concern: why can’t HBAR stabilize?

HBAR Momentum Is Under Pressure

HBAR is showing signs of mounting pressure, trading near $0.089 after failing to sustain its recent push toward the $0.093 resistance zone. 

Momentum has weakened on the 4-hour chart. Sellers have regained short-term control, while repeated rejection near local highs suggests bullish exhaustion is building. 

Additionally, the token attempted to break the previous bullish structure by forming an ascending parallel channel.

However, resistance near $0.094 invalidated the move, sending HBAR’s price below the $0.090 critical support level.

The Moving Average Convergence Divergence (MACD) has turned bearish with expanding red histogram bars, reinforcing downside risk as momentum continues to fade.

Meanwhile, the Relative Strength Index (RSI) has slipped below the neutral 50 level toward oversold territory, signaling weakening demand and confirming the broader loss of strength. 

If bears maintain pressure, HBAR’s price could retest support around $0.088, with a deeper slide toward $0.085 possible on breakdown.

However, this zone remains pivotal. If buyers defend it and volume returns, a rebound could reopen the path toward higher levels.

Therefore, HBAR sits at an inflection point where support reactions will likely determine the next directional move.

Derivatives Sentiment Weakens 

On-chain analysis shows that the funding rate remains largely negative, signaling a persistent bearish bias in HBAR’s derivatives market.

Initially, sentiment appeared mixed, with alternating positive and negative prints.

However, sustained negative spikes soon dominated, indicating that short positions are increasingly outweighing longs.

This shift reflects growing trader caution, especially as HBAR’s price hovers near the $0.090 level without strong upward momentum.

Meanwhile, occasional positive funding flips lack consistency, showing weak bullish conviction.

As a result, despite price stabilization, the broader outlook remains fragile, with traders still positioning for potential downside rather than a recovery.

HBAR Price Forecast: Bullish Recovery Still Unconfirmed

On the daily chart, HBAR’s price continues to trade within a compressed structure near $0.089, holding slightly above $0.087.

However, the altcoin is struggling to reclaim the higher resistance level.

Notably, the price action remains constrained within these levels, signaling that sellers still cap upside attempts.

More importantly, repeated defenses of the current support zone suggest buyers have not fully stepped aside.

Meanwhile, the Chaikin Money Flow (CMF) remains in negative territory, indicating lingering outflows, though the reading suggests selling pressure is not accelerating.

This leaves room for a potential reversal attempt. 

The Bull Bear Power (BBP) has also remained subdued but is beginning to stabilize, indicating bearish momentum may be fading rather than expanding.

If demand improves, HBAR’s price could be preparing for a recovery rather than a breakdown.

However, momentum faces a critical test near the 0.382 Fibonacci resistance at $0.095.

A decisive break above that level could open the path toward $0.10 and potentially $0.11.

On the downside, losing $0.087 support would weaken the structure and expose a deeper pullback toward $0.072.

About the Author

Victor Olanrewaju

Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.

With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.

He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.

In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.

At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.

He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.

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