HBAR Price Falls Below $0.20 Resistance: What’s Next for Hedera?
The HBAR price has fallen below the resistance at $0.20 after being rejected at the low of the value area, with declining volume suggesting weakness and a possible retest of support at $0.12. This rejection has caused the market’s short-term momentum to shift back down, with volume steadily declining. According to recent data, the price is likely to retest the $0.12 Fibonacci support before recovering, as the market structure remains weak, fluctuating between $0.12 and $0.20.
Hedera (HBAR)’s recent price action shows continued weakness following a hard rejection of the $0.20 resistance zone, a level consistent with both high time frame resistance and the value range low. To increase market attention, Canary Capital has filed revised filings for its planned Litecoin and Hedera spot ETFs, a move that could influence sentiment around HBAR in the near future. This lack of strength suggests that buyers are taking a step back, leaving the price vulnerable to a deeper correction towards the next key support at $0.12.
The Main Technical Points of the HBAR Price
From a technical perspective, the $0.20 resistance level has proven to be a strong supply zone. Price action attempted to rise to this level, but the rejection that followed was quick and sharp, confirming that selling pressure remains dominant. The rejection was accompanied by a drop in trading volume, a classic signal of weakening momentum, especially when combined with failed attempts to break through a key technical barrier. The main technical points of the HBAR price include:
- Great resistance: The $0.20 zone corresponds to the low and high time frame resistance of the value area.
- Critical Support: The $0.12 level is in confluence with the 0.618 Fibonacci retracement.
- Volume trend: Declining volume indicates weakening demand and a possible recovery phase.
HBARUSDT (1D) chart, source: TradingView
What’s Next for HBAR?
HBAR is now trading below the bottom of the value range and has entered a consolidation zone characterized by lower participation and limited directional distortion. This lack of volume expansion suggests that market participants are indecisive, which is often a harbinger of an expanded trading range. The next key level to watch is $0.12, which coincides with the 0.618 Fibonacci Retracement and represents structural support on the upper time frame.
This zone shows significant confluence as it previously acted as a reaction point in previous market cycles. If price continues to weaken, testing this support could set the stage for a possible re-accumulation period before any meaningful recovery occurs. Until this happens, the probability of a deeper retracement remains high. The most likely scenario involves a gradual decline into support regions before a possible return towards $0.20.
If the current low volume environment continues, HBAR is expected to continue consolidating between $0.12 and $0.20. A break below $0.12 could open the door for further downside exploration, while a rebound above $0.20 on strong upside volume would confirm the start of a recovery phase. For more information, visit https://crypto.news/hbar-price-targets-0-12-as-low-volume-signals-ongoing-weakness/
