Hedera dropped over 20% to $0.17, testing its 100-week moving average for the first time since November 2024.

Analysts, including The Great Mattsby and Gilmore Estates, view this level as crucial long-term support, suggesting potential accumulation if it holds. Despite market pressure, investor sentiment remains resilient as institutional and enterprise adoption grow.

HBAR Reaches 100-Week Moving Average After Sharp Market Drop

Hedera reached its 100-week moving average for the first time since November 2024, marking a key technical milestone on its long-term chart. The token fell from $0.215 to $0.1685, representing a steep 21.7% intraday decline, as market-wide volatility intensified. The 100-week moving average, located around $0.145, now acts as a crucial technical support zone where long-term traders are watching for stability.

HBAR Chart Source: x

Analyst The Great Mattsby noted that its return to this level mirrors the structure seen before its breakout in late 2024. During that period, price consolidation above the same moving average led to a strong recovery above $0.30. Analysts now view this retest as a potential technical reset that could prepare the market for another upward phase if buying pressure strengthens.

Analysts Observe Technical Reset and Accumulation Pattern

The current price action indicates a decisive retracement following several months of sustained rally. The chart shows that each prior interaction with the 100-week moving average has triggered either accumulation or reversal phases.

If the token holds above this threshold, it could maintain its long-term bullish pattern despite recent losses. However, a close below this level may expose the asset to a deeper correction toward the $0.10–$0.12 range.

Technical traders identify $0.19 as immediate resistance and $0.15 as a major support area that previously attracted buying interest in August. The market’s reaction to these zones will likely define the next directional move.

Community Sentiment Strengthens Despite Market Pressure

Amid the market downturn, analyst Gilmore Estates expressed confidence in Hedera’s long-term outlook, stating, “I am not selling $HBAR.” This statement resonated with many long-term holders, reflecting resilience among investors who see the recent drawdown as a temporary shakeout. The heavy sell pressure, though severe, did not erase the broader structural growth seen in previous months.

HBAR Chart | Source:x

Investor behavior suggests that a large number of stop-loss triggers and liquidations contributed to the sharp intraday decline. Data shows that as the price neared $0.17, the selloff began to ease, suggesting temporary exhaustion among sellers. This response may indicate that the market is testing a liquidity pocket where stronger hands could reaccumulate positions as volatility normalizes.

Volume Surge Reflects Volatility as Price Attempts Stabilization

Hedera recorded nearly $796 million in trading volume during the decline, a sharp increase compared to its recent averages. This surge reflects widespread liquidation activity and short-term panic across exchanges. Despite the aggressive downturn, the token managed to find temporary stability near the $0.17 mark. Its market capitalization now stands at approximately $7.09 billion, ranking it among the top 30 cryptocurrencies.

HBAR 24-Hr Chart Source: BraveNewCoin

The broader crypto market also experienced heavy selloffs following macroeconomic uncertainties and cascading liquidations. The asset correction followed a similar pattern to other major digital assets but retained key structural levels that traders regard as strategic supports. A recovery above $0.18–$0.19 may trigger a short-term rebound, while holding near the 100-week MA suggests prolonged consolidation.