After enduring a volatile week in the broader crypto market, Hedera finds itself at a key technical juncture.
The token briefly dipped below critical support levels before staging a mild rebound, signaling both investor caution and the potential for a short-term turnaround. While buyers are attempting to defend the $0.17 region, analysts warn that failing to reclaim the $0.21 threshold could extend the bearish momentum that dominated recent sessions.
HBAR Needs to Reclaim $0.21 to Stay Bullish
According to Steph is Crypto, HBAR’s short-term outlook depends heavily on its ability to recover above the $0.21 mark, which serves as a key “bull market support band.” The 3-day chart shows price falling sharply below this range, suggesting weakening momentum after multiple failed attempts to sustain higher levels.
Source: X
Steph notes that unless the coin quickly reclaims $0.21, the structure risks turning fully bearish, opening the door to deeper corrections toward the $0.17–$0.16 zone. However, traders observing historical behavior may recognize that similar shakeouts have preceded strong rebounds in prior cycles, provided a swift recovery and close above key moving averages occurs.
Price Steadies Near $0.17 Amid Mild Recovery
On one hand, Fresh data from BraveNewCoin shows Hedera is currently priced at $0.17, marking a modest 1.65% gain over the last 24 hours. The network holds a market capitalization of $7.17 billion and a 24-hour trading volume of $324.5 million, reflecting an active yet cautious trading environment.
Source: BraveNewCoin
Despite recent volatility, this stabilization near $0.17 offers temporary relief after Friday’s steep correction. Still, the data confirms that market participants remain wary, as the coin trades below its 20- and 50-day moving averages — a setup that typically indicates ongoing consolidation or potential retests of lower supports before a reversal can form.
Recovery Signs Emerging After Sharp Selloff
On the hand, adding to the technical discussion, analyst Trade4ddict observed that HBAR “came up with a tough correction” during the recent market dump, taking out lows near $0.125 before mounting a swift recovery. The analyst emphasizes the need for a green daily trend bar and a higher high above $0.235 to confirm a true bullish reversal and potentially revisit all-time highs (ATH).
Source: X
The sharp lower wick on the recent candle suggests that buyers are defending deeper supports, often a sign of early accumulation. If follow-through momentum builds from here, this pattern could evolve into the first leg of a medium-term trend reversal.
For now, all eyes remain on the $0.21 reclaim level, which will determine whether the coin can transition from damage control to recovery. A decisive breakout and sustained trading above this line would restore market confidence while failure to do so risks further drift into the $0.16 range. Traders are watching closely as the weekend approaches, looking for signs of strength that could mark the start of the market’s next upward phase.
