Hedera Hashgraph is once again under the spotlight as analysts and traders look for clues about its next major price cycle.

Following a series of sharp peaks and deep retracements since 2020, market watchers suggest that the ocn may be approaching another critical “bottom” phase, a point that historically preceded massive rallies. With price stability returning around the $0.17 level, investors are watching closely for signs of accumulation and a potential new bullish leg into 2026.

Highlights Show Repetitive Boom-and-Bust Patterns

A recent X post from analyst STEPH IS CRYPTO presented a long-term coin weekly chart, showcasing the asset’s dramatic history of volatility since 2020. The chart marks distinct “Top” and “Bottom” points, each tied to extreme percentage swings that underscore the asset’s cyclical nature.

According to the analysis, HBAR saw an extraordinary 3,170% rally from mid-2020’s bottom, only to later correct by 78%, followed by successive drops of 93% in early 2022 and 77% around 2024.

Source: X

This repeating cycle of steep declines followed by explosive rebounds paints a picture of a market driven by speculative surges and fear-driven selloffs — typical of early-stage blockchain projects. The latest weekly candle wicks suggest another large move may be forming, though the analyst refrained from quantifying its extent, instead posing the question of where the next bottom might emerge.

HBAR Holds Steady at $0.17 as Market Consolidates

According to Brave New Coin, Hedera is currently priced at $0.17, maintaining stability over the past 24 hours with no significant percentage change. The token’s market capitalization stands at $7.22 billion, with a daily trading volume of $228 million, placing it among the top 30 cryptocurrencies globally. Despite subdued short-term performance, the token’s steady hold near its current price may signal that selling pressure has eased following months of correction.

Source: BraveNewCoin

The recent data also indicate healthy liquidity and consistent network activity, both positive signs for potential recovery once broader market sentiment improves. The crypto’s enterprise-grade utility, fast transaction speeds, and real-world adoption through partnerships continue to underpin its long-term value, even amid market turbulence.

Technical Indicators Point to Ongoing Consolidation

At the time of writing in October 2025, HBAR/USDT is trading around $0.169, according to TradingView data. The daily chart reflects a volatile few months, with prices falling from highs near $0.305 to a recent low of $0.0725 before partially recovering. This pattern indicates a corrective phase following a mid-year bullish stretch, as the market digests prior gains and redefines support.

Source: TradingView

From a technical perspective, indicators provide a mixed outlook. The BBPower reading is negative (around –0.019), highlighting lingering bearish pressure, while the Chaikin Money Flow (CMF) shows a mildly positive value (0.05), suggesting that some buying interest remains. This combination typically signals accumulation under pressure, a stage where patient investors begin positioning before a confirmed reversal.