Hedera’s (HBAR) price is showing intensified bearish signals as it struggles to regain momentum. The asset is currently trading around $0.170, facing strong selling pressure. A bearish technical pattern known as a “Death Cross” has recently formed on its charts. This critical event suggests the upward momentum of recent months could be ending. The Hedera (HBAR) technical analysis reveals growing caution in the market.
Technical data from HBAR’s chart, visible on the TradingView platform, shows a feared technical event. The 200-day Exponential Moving Average (EMA) has decisively crossed above the 50-day EMA. This pattern, formally known as a “Death Cross,” is a bearish signal. This cross marks the end of a three-month bullish streak, which was initiated by a “Golden Cross” earlier in the year.
Furthermore, HBAR’s Open Interest (OI), which measures the total active derivative contracts, remains stagnant. Data from the aggregator Coinglass indicates that OI has stabilized near $129 million. This figure is notably low. It follows a massive $200 million liquidation during the market crash earlier this month. The lack of recovery in OI suggests traders are hesitant to re-enter. It reflects a clear lack of participation from speculators.
Can HBAR defend the $0.162 support against bearish pressure?
HBAR’s price action is currently in a narrow and decisive range. The altcoin is oscillating between the key resistance at $0.178 and the immediate support level of $0.162. This sideways trend highlights indecision among investors, who are waiting for clearer technical signals. The current Hedera (HBAR) technical analysis suggests that the bears have the upper hand.
If bearish indicators prevail, HBAR could slip below the $0.162 support. A sustained drop below this level would confirm the selling pressure. This could extend losses toward the next support at $0.154 or even lower levels. Caution seems to dominate the overall economy of the digital asset.
However, the bearish scenario is not yet sealed. If investor confidence returns and capital inflows increase, HBAR must overcome the $0.178 barrier. A sustained break above that resistance would invalidate the negative outlook. Such a move could propel the token toward the psychological target of $0.200. Reaching that point would represent a potential 17.6% rise from current levels.
