HBAR price struggles below resistance at $0.20 after rejection at the value area low, with fading volume suggesting weakness and a possible retest of $0.12 support.
Summary
- HBAR rejected at $0.20 resistance with fading bullish volume.
- Price likely to retest $0.12 Fibonacci support before recovery.
- Market structure remains weak and range-bound between $0.12–$0.20.
Hedera’s (HBAR) recent price action shows continued weakness following a harsh rejection from the $0.20 resistance zone, a level that aligns with both the high-timeframe resistance and the value area low. The rejection has shifted the market’s short-term momentum back to the downside, with volume steadily declining.
Adding to market attention, Canary Capital has submitted revised filings for its planned spot Litecoin and Hedera ETFs, a move that could influence sentiment around HBAR in the near term. This lack of strength suggests that buyers are stepping back, leaving the price vulnerable to a deeper correction toward the next key support at $0.12.
HBAR price key technical points:
- Major Resistance: $0.20 zone, aligning with the value area low and high-timeframe resistance.
- Critical Support: $0.12 level, in confluence with the 0.618 Fibonacci retracement.
- Volume Trend: Declining volume signals fading demand and potential reaccumulation phase.
From a technical perspective, the $0.20 resistance level has proven to be a strong supply zone. Price action attempted a rally into this level, but the rejection that followed was swift and sharp, confirming that selling pressure remains dominant. The rejection was accompanied by declining trading volume, a classic signal of weakening momentum, particularly when combined with failed break attempts above a key technical barrier.
Now trading below the value area low, HBAR has entered a consolidation zone characterized by lower participation and limited directional bias. This lack of volume expansion suggests that market participants are indecisive, often a precursor to an extended range-bound environment.
The next major level to watch lies at $0.12, which aligns with the 0.618 Fibonacci retracement and represents the high-timeframe structural support.
This zone carries significant confluence, as it previously acted as a reaction point during earlier market cycles. If price continues to weaken, testing this support could establish the foundation for a potential reaccumulation phase before any meaningful recovery occurs.
Until that happens, the probability of a deeper retracement remains high. The most likely scenario involves a gradual drift lower into support regions before any potential rotation back toward $0.20.
What to expect in the coming price action
If the current low-volume environment persists, HBAR is expected to continue consolidating between $0.12 and $0.20. A breakdown below $0.12 could open the door to further downside exploration, while a reclaim of $0.20 with strong bullish volume would confirm the start of a recovery phase.
