Hedera (HBAR) Price Falls Through 380-Day Support— Charts Signal More Pain Ahead

Hedera has broken down from its most important support level.

After holding the same support level for more than a year, HBAR finally closed below it amid growing downside pressure.

Unless buyers step in soon, the next move could be violent.

So why is HBAR going down, and what does the current structure suggest about where price could head next?

Hedera Price Analysis

On the weekly chart, HBAR has remained capped below a descending resistance trendline since December 2024.

That trend line delivered another rejection in July, accelerating the decline and pushing the price back toward its most crucial horizontal level.

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After an initial bounce, the HBAR price broke down from the $0.135 support zone, a level that has repeatedly prevented deeper losses for over a year.

Because this area has held for so long, the breakdown marks a decisive shift in the long-term trend and strongly increases the odds of new lows.

Momentum readings reinforce the bearish outlook.

• The Relative Strength Index remains below 50, signaling weak demand.
• The Moving Average Convergence Divergence is firmly negative, confirming downside momentum.

Taken together, the technical picture suggests that a downward movement is the path of least resistance.

If that support gives way, the next major target sits near $0.065, implying a downside of roughly 50%.

Will HBAR Keep Going Down?

Elliott Wave structure adds further weight to the bearish case.

According to the wave count, HBAR’s price has started the fifth and final wave of its decline.

Wave four formed a symmetrical triangle, which is the most common corrective pattern at this stage.

Using a 1.61 external Fibonacci projection from the triangle, the next downside target comes in near $0.102.

Then, the HBAR price could possibly bounce, hitting the $0.135 area and confirming it as resistance.

Afterward, the downward movement could continue.

Breakdown Will Deepen

HBAR’s price broke down from the most important level of its entire structure.

A multi-month support zone has failed, momentum indicators remain bearish, and the wave structure suggests an unfinished downside.

Unless buyers manage to reclaim and hold above $0.135 quickly, the risk strongly favors a continuation of the lower trend.

In that scenario, a move toward $0.10 and potentially $0.065 becomes increasingly likely in the weeks ahead.

About the Author

Valdrin Tahiri

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.

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