Investors Test HBAR's Support as Bearish Crosshair Looms

HBAR, the native token of the Hedera network, has been under pressure in recent weeks, raising concerns about the sustainability of its year-long price uptrend. The token, which has risen by 362.5% over the past 12 months, has declined by 10% in the last week and 16% in the past month. This has brought its current price to $0.22, a 57% discount from its all-time high of $0.51 in September 2021. Market observers are now focusing on whether key technical support levels can hold to prevent a deeper correction.

The recent sell-off has been marked by significant volume spikes, particularly on September 4, when HBAR traded 179.34 million tokens in a single hour. A single-minute trading spike of 42.37 million tokens at 13:50 UTC signaled capitulation by traders. The token broke below the critical $0.212–$0.214 support zone after resistance at $0.222 failed to hold. This breakdown has raised concerns about the token’s near-term trajectory, with traders now watching for stabilization around the $0.213 level.

Despite the bearish momentum, HBAR’s 24-hour trading volume increased by 27%, outpacing the broader cryptocurrency market. This surge came as competitors like EOS experienced declining volumes. The increased trading interest occurred alongside announcements from the Hedera ecosystem, including the launch of the Mavrik-1 AI engine and the inclusion of HBAR in the Grayscale Smart Contract Platform Fund. However, these developments have not been sufficient to reverse the downward trend, with community sentiment remaining mixed as traders test key support levels.

On-chain activity has shown signs of potential accumulation, with a bullish divergence emerging on the 4-hour chart. The Money Flow Index and price have diverged, suggesting underlying buying pressure, while a hidden bullish divergence on the daily chart indicates the possibility of a reversal. Analysts are now watching whether the token can hold the $0.21–$0.24 range to avoid a deeper decline.

The broader market environment for HBAR is also challenging, with macroeconomic factors and regulatory uncertainty influencing investor sentiment. The token’s correlation with Bitcoin has intensified, and recent selling pressure from institutional investors has further weighed on the price. Meanwhile, the Hedera stablecoin market cap has dropped by 30%, compounding bearish pressure on HBAR.

Looking ahead, the immediate focus is on the $0.212–$0.214 support zone. If this level fails to hold, HBAR could face a steeper decline toward $0.20 or even $0.15. Conversely, a successful rebound from this range could indicate the formation of a new base for a potential rally. Traders are also monitoring volume patterns and on-chain metrics for signs of stabilization. The outcome will likely determine whether HBAR can maintain its position in the top 21 cryptocurrencies by trading volume on Coinbase and retain its market cap of $9.24 billion.

Source:

[1] Hedera Price, HBAR Price, Live Charts, and Marketcap (https://www.coinbase.com/price/hedera)

[2] HBAR Slumps 4% as Technical Breakdown Triggers Heavy Selling (https://www.coindesk.com/markets/2025/09/04/hbar-slumps-4-as-technical-breakdown-triggers-heavy-selling)

[3] ETH Price Prediction, HBAR Analysis, and Why BlockDAG is the Best Crypto to Buy in 2025 (https://www.livebitcoinnews.com/eth-price-prediction-hbar-analysis-and-why-blockdag-is-the-best-crypto-to-buy-in-2025/)