Hedera (HBAR) has been under significant selling pressure recently, experiencing a sharp decline of approximately 13.5% over the past week. As the price hovers near the critical $0.156 support level, the risk of HBAR slipping below $0.15 is increasing, potentially marking its lowest point since November 2024. Recent technical indicators highlight the growing bearish momentum, suggesting further losses could be ahead unless the bulls make a strong comeback.

BBTrend Indicator Signals Intense Downside Pressure

One of the key technical indicators signaling bearish momentum in Hedera is the BBTrend, which has fallen sharply to -10.1, down from 2.59 just a day ago. This rapid decline suggests a strong shift in market sentiment, with an increasing level of selling pressure pushing the price lower.

The BBTrend, a measure of trend strength relative to the Bollinger Bands, helps gauge the strength and direction of market momentum. Positive values indicate bullishness, while negative values reflect bearish trends. With the BBTrend now deeply in the negative, the downtrend is gaining strength, and further downside is possible unless buyers intervene to reverse the momentum.

Ichimoku Cloud Reveals Continued Bearish Sentiment

Hedera’s Ichimoku Cloud indicator paints a bleak picture for the asset’s near-term prospects. The price remains positioned well below both the Tenkan-sen (blue conversion line) and the Kijun-sen (red baseline), which are critical resistance levels in the Ichimoku system. This setup suggests that the short-term momentum is heavily aligned with the ongoing downtrend, and buyers have struggled to break above these resistance levels.

Furthermore, the Ichimoku Cloud itself is red and widening, reinforcing the bearish outlook. The future cloud’s downward slope suggests that bearish pressure will persist, and a reversal in momentum would require HBAR to first break above these resistance lines before any significant recovery can occur. Until such a move happens, the bearish trend remains intact.

Approaching Critical $0.15 Support: Will It Hold?

HBAR has been hovering around the $0.16 mark and is now approaching a crucial support zone at $0.156. If this support level fails to hold, HBAR could face further declines, potentially dropping below $0.15 for the first time in several months. A breakdown below $0.15 would signal a continuation of the downtrend, with the next support level possibly lying around $0.12.

However, if HBAR manages to stabilize and reverse its current trajectory, the first resistance level to watch would be $0.179. A breakout above this level could pave the way for a rally toward $0.20, and if bullish momentum continues, HBAR could potentially rise to $0.215. In an extended bullish scenario, a recovery toward $0.25 could occur, signaling a potential reversal of the bearish trend.

What’s Next for Hedera (HBAR)?

The outlook for Hedera remains uncertain as it faces significant downside pressure. The BBTrend and Ichimoku Cloud indicators both suggest that the bearish trend is gaining strength, with the critical $0.15 support zone now in play. If this support level holds, there could be a chance for a rebound, but if it breaks, HBAR could be in for further declines.

Investors should closely monitor these technical signals in the coming days to assess whether the market will see a reversal or if the bearish momentum will continue to dominate.