Market Overview for Hedera Hashgraph

• HBARUSDT formed a bearish engulfing pattern near $0.2532, signaling short-term selling pressure.
• Price fell to a 24-hour low of $0.23557 amid a large-volume bearish reversal candle at 10:30 ET.
• RSI shows oversold conditions near 30, suggesting potential for a near-term bounce.
• Bollinger Bands are widening, indicating rising volatility and active trading behavior.
• Notional turnover spiked to $26M during the early morning sell-off, confirming bearish momentum.

Hedera Hashgraph (HBARUSDT) opened at $0.24836 on 2025-08-24 at 12:00 ET and traded as high as $0.2608 before closing at $0.23645 as of 12:00 ET on 2025-08-25. The 24-hour low was $0.23557. Total volume reached 139,648,700 HBAR, with a notional turnover of approximately $33.5 million.

Structure & Formations

HBARUSDT displayed a key bearish engulfing pattern on the 15-minute chart at $0.2532, followed by a long bearish candle at 10:30 ET with a high of $0.23727 and a low of $0.23557. This structure suggests exhaustion in the bullish trend and possible continuation of the downward move. A potential support level is forming near $0.2355–0.2360, where price has found temporary buying interest.

Moving Averages

On the 15-minute chart, price closed below both the 20-period and 50-period moving averages, reinforcing the bearish bias. On the daily chart, HBARUSDT remains below the 50, 100, and 200-day moving averages, indicating a medium-term downtrend.

MACD & RSI

The 15-minute MACD turned negative sharply around 19:30 ET and has remained below the signal line, suggesting a bearish crossover. RSI dropped to 30 during the morning hours, indicating oversold conditions and a potential short-term reversal. However, the RSI has not shown a strong upward bounce yet, suggesting caution in interpreting this as a bullish signal.

Bollinger Bands

Bollinger Bands have widened significantly during the 24-hour period, reflecting increased volatility. Price has traded near the lower band for much of the session, with a strong bearish break below the band at 09:15 ET. This movement could indicate continued pressure to the downside unless a strong countertrend rally emerges.

Volume & Turnover

Volume surged during the bearish move from $0.25831 to $0.23557, particularly between 19:30 and 09:15 ET, when over 40 million HBAR traded hands. Notional turnover spiked to around $26 million during the morning sell-off, reinforcing the bearish move. However, volume has declined in recent hours, suggesting a potential pause in the downward trend.

Fibonacci Retracements

Applying Fibonacci retracement levels to the swing from $0.24645 to $0.25831, the 61.8% level is near $0.2505, which was a significant area of price rejection. The 38.2% level at $0.2543 may offer resistance if there is a countertrend rally. On the daily chart, the 61.8% retracement of the recent bearish move from $0.2608 to $0.23557 is $0.2455, which could offer support or resistance in the coming 24 hours.

Looking ahead, HBARUSDT may test the $0.2355–0.2360 zone for support, with a potential bounce into $0.2400–0.2420 if buyers emerge. However, a break below $0.2355 could extend the correction toward $0.2300. Traders should remain cautious and monitor volume and momentum indicators for signs of exhaustion or continuation.