HBAR’s Fading Sparks: Can Bulls Save It From Slipping Into the Shadows?

• Price got rejected near $0.20 again, adding weight to the ongoing downtrend.
• Support near $0.168 is showing signs of weakness after multiple retests.
• Recovery hinges on reclaiming $0.23—fast.

Momentum Keeps Slipping Through Their Fingers

HBAR’s had its moments but don’t seem to last long. The chart shows a strong rally back in December that pushed the price close to $0.40, and that high point looked like a big win for the bulls. But since then, it’s been all downhill. And not the fun kind.

What’s troubling here isn’t just the drop—it’s how each recovery is getting snuffed out faster. We saw a clean bounce to $0.33, then $0.28, and the most recent one couldn’t even crack $0.20. That’s a clear case of lower highs stacking up—and yep, that’s usually bad news for anyone hoping this thing turns around soon.

Support Is There… But It’s Getting Tired

HBAR has clung to the $0.17 to $0.168 range like a lifeline. Every time price slides into that zone, some buy pressure kicks in—but let’s be real, it’s starting to look shaky. This latest dip back to $0.168 is the third time we’ve seen it in a short span, and support levels don’t usually survive that many hits.

So now the question is: how long before it breaks? If the price dips below $0.165 and stays there for a bit, the slide could pick up speed real fast. There’s not a lot of structure below that zone until around $0.14—and yeah, that’s a pretty wide gap.

The Path Back Isn’t Easy

For HBAR to flip this script, it’s gotta get back above $0.23 and hold. Not just a quick poke above it—an actual, sustained move. That zone served as a key pivot back in January, and reclaiming it would be the first real sign that the tide’s turning.

But right now? That seems like a stretch. With momentum fading and sellers quick to pounce on every push, bulls will need either a strong catalyst or serious buying pressure to pull off that kind of move. If you’re watching from the sidelines, keep an eye on whether this current level holds… or crumbles.

HBAR’s in a tricky spot, and these patterns tend to break hard one way or the other. The only thing that’s certain? This tight range won’t last forever.

Where HBAR Comes From

Hedera Hashgraph, or HBAR, isn’t built on traditional blockchain tech. Instead, it runs on a DAG (Directed Acyclic Graph) model called Hashgraph. The project was founded by Leemon Baird and Mance Harmon under Hedera in 2018, aiming to create a more secure and energy-efficient way to process transactions. Unlike many others, it’s governed by a council of big-name companies—think Google, IBM, and LG—which sets it apart, but also makes it, well, kinda centralized by design.