HBAR Price Falls 17.7% to Key Support as Bulls Target $0.50 on Rebound

HBAR, the native token of blockchain platform Hedera Hashgraph, has retreated to a critical support range amid a broader market correction, drawing attention from traders seeking entry points. The price has fallen 17.7% over the past week, pulling back from a July high of $0.28 to a current level of $0.2375 [1]. Analysts highlight the $0.20–$0.23 range as a key accumulation zone, with the $0.216 support level holding firm to preserve the bullish structure. Technical indicators suggest this pullback is a consolidation phase rather than a reversal, as the asset forms higher lows during dips [1].

The recent decline aligns with typical market cycles seen in altcoins, where sharp rallies are often followed by retracements. HBAR’s price action demonstrates this pattern, with buyers intervening at key levels to maintain upward momentum. A breakdown below $0.216 could trigger further weakness, testing the $0.147 level where the earlier surge began [1]. Conversely, a successful defense of $0.216 and a rebound above $0.287 would reinforce the case for a continuation of the uptrend toward $0.50, a target cited by bullish analysts [1].

Market sentiment remains mixed, with the Altcoin Season Index rising 13% in mid-July as capital flows into alternative tokens amid a cooling broader crypto market [2]. HBAR’s performance reflects this trend, with speculative interest rekindled despite Bitcoin and Ethereum’s relative stability. On-chain metrics such as the MVRV ratio and exchange volume flow are under close scrutiny by traders to gauge near-term sentiment [3].

Long-term projections for HBAR include a 2030 forecast of $0.3226 from Bitget, assuming a 5% annualized growth rate [4]. While this scenario depends on sustained adoption of Hedera’s enterprise-focused solutions, including partnerships in supply chain and digital identity, the platform’s strategic positioning remains a focal point for bullish speculation. However, achieving the $0.50 target would require a breakout above key resistance levels, supported by increased trading volume.

Technical analysis underscores the importance of the $0.23–$0.24 support zone. A breach below this range could expose the $0.10–$0.12 area, while a rebound above $0.287 would validate the continuation of the bullish phase. MACD signals indicate waning momentum but no reversal, with the histogram showing shrinking green bars and the signal line yet to turn bearish [1]. Traders are advised to monitor volume spikes and confirmation candles near $0.216 before re-entering the market [1].

The current price correction is viewed by analysts as a healthy reset rather than a bearish shift. If bulls defend $0.216 and drive the price back toward $0.28, the path to $0.50 becomes more plausible. However, market participants must remain cautious, as a breakdown could accelerate downside risks. For now, the $0.20–$0.23 range remains a focal point for both buyers and observers.

Source:

[1] [HBAR Price Dips to Key Buy Zone as Hedera Bulls Target $0.50] (https://blockonomi.com/hbar-price-dips-to-key-buy-zone-as-hedera-bulls-target-0-50/)

[2] [Crypto Market Shifts as Altcoin Season Index Rises 13% to ...] (https://www.ainvest.com/news/crypto-market-shifts-altcoin-season-index-rises-13-43-2507/)

[3] [Top Altcoins To Buy Today As Crypto Market Cools] (https://www.xt.com/en/blog/post/top-altcoins-to-buy-today-as-crypto-market-cools)

[4] [Hedera Kurs Prognose, Hedera prognose 2025 - 2030] (https://www.bitget.com/de/price/hedera/price-prediction)