Hedera is trading under pressure as the token hovers near the lower boundary of its Bollinger Bands. While the market shows hints of short-term stability, bearish undertones continue to dominate the broader picture.

The narrowing of the bands suggests that volatility is contracting, a setup that often precedes a larger directional move. Traders are now eyeing whether the asset will manage a recovery attempt toward resistance levels or continue to slide deeper into bearish territory.

HBAR Price Action Holds Near Lower Bollinger Band

Analysis shared by Ripple Bull Winkle (@RipBullWinkle) on X highlights how the memecoin is currently sitting at $0.21, right at the lower Bollinger Band. This positioning reflects continued selling pressure, with bears maintaining control of near-term price action. However, being this close to the lower band can also suggest oversold conditions, raising the possibility of a corrective bounce if buyers begin stepping in.

Source: X

The 20-day SMA, which represents the middle Bollinger Band, sits at $0.23 and has now become the immediate barrier for the crypto to reclaim. A sustained move above this level would be the first sign of a potential shift in momentum. Until that occurs, the overall tone remains cautious, with traders treating current levels as a test of buyer resilience.

Market Data Signals Bearish Weight, But CMF Offers Small Relief

According to BraveNewCoin, Hedera is priced at $0.21, posting a 3.08% gain in the past 24 hours. The asset’s market capitalization stands at $9.09 billion, with daily trading volume reaching $224.2 million. These figures suggest healthy liquidity but also underline how the token remains pinned down compared to its higher trading ranges from earlier in the quarter.

Source: BraveNewCoin

At the time of writing, HBAR’s market cap was hovering near $9.05 billion, reflecting a minor daily decline of 0.49%. The Bollinger Bands applied to market cap show the lower boundary at $8.83 billion — a zone that, if broken, could confirm bearish continuation toward deeper support. The middle band, at $9.84 billion, is now the first target to reclaim, while the upper band at $10.84 billion represents the next bullish objective if momentum turns in favor of buyers.

Consolidation And Breakdown Ahead

Adding further context, the Chaikin Money Flow (CMF) indicator is reading at 0.03, a slightly positive value. This signals modest net capital inflows into the asset, which is constructive given the ongoing bearish climate. However, the reading remains too weak to reflect strong buyer conviction. A move higher into the 0.1–0.2 range would be needed to reinforce a bullish case, while a dip back into negative territory would align with a renewed bearish breakdown scenario.

Source: TradingView

If bulls step in with higher volume, the cryptocurrency could target the upper band near $0.26, which would mark a shift back into bullish continuation territory and possibly spark renewed investor confidence. On the downside, however, a break below $0.21 with convincing sell pressure could drag the token back to test lower historical supports, leaving the market vulnerable to deeper declines.