HBAR Slips Below $0.09 as Bearish Structure Targets $0.07

HBAR1,35%

Key Insights

  • HBAR lost $0.09 support and confirmed a structural breakdown, shifting short-term market control firmly from buyers to sellers.

  • Failure to hold the point of control exposes thin volume zones, increasing the probability of accelerated downside rotation toward $0.07 support.

  • Intraday price action forms a lower high beneath resistance, reinforcing bearish continuation within the broader corrective structure.

Hedera token HBAR continues to trade under pressure after losing the $0.09 level, a zone that previously acted as strong high-timeframe support. Price now holds below that mark, confirming a structural shift that favors sellers in the short term. Consequently, traders monitor downside levels more closely as the market adjusts to the breakdown.

The failed hold above $0.09 marks a clear change in character. Buyers defended that region in prior sessions, however recent price action shows rejection on retests. This shift has turned former support into firm resistance.

Support Flip Signals Market Control Shift

Market structure now reflects a bearish framework on lower timeframes. Price attempts to rebound, yet momentum remains weak and fails to produce higher highs. Instead, HBAR forms a lower high beneath $0.09, reinforcing the view that sellers maintain control.

Source: TradingView

Besides that, traders who entered near previous support may now look to exit positions on rallies. That behavior often strengthens resistance zones. Hence, acceptance below $0.09 keeps the corrective bias intact.

Volume Profile Highlights Fragile Base

The point of control stands out as a critical level within the current range. This zone represents the highest traded volume area and often acts as equilibrium. Additionally, holding above it can stabilize price during consolidation phases.

If HBAR loses this level decisively, the market may move into a thin volume region. Thin zones typically allow faster price movement because fewer historical transactions sit below. As a result, downside acceleration toward lower value areas becomes more likely.

$0.07 Emerges as Next Key Demand Zone

With resistance overhead and volume support under pressure, traders increasingly focus on the $0.07 region. That level aligns with high-timeframe demand within the broader range. Moreover, it represents the next area where buyers previously stepped in with strength.

Current intraday structure supports this outlook. Price continues to rotate lower within a corrective channel while momentum indicators weaken. Unless HBAR reclaims $0.09 with sustained strength, technical conditions favor continued downside movement toward $0.07 in the near term.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

The Strait of Hormuz is fully reopened, and Bitcoin surged to 78K. MicroStrategy (MSTR) jumped 12%.

Iran announces that the Strait of Hormuz is fully open; oil prices fall sharply as supply concerns ease, and U.S. stock indexes hit record highs. Bitcoin once surged to $78,333 and lifted MicroStrategy’s stock price by 12% in a big jump. Market-wide sentiment improves, and cryptocurrencies also show signs of capital inflows.

ChainNewsAbmedia3h ago

BUY ALTCOINS NOW” — Altseason Index Signals Massive Pump Ahead, But Are These 4 Coins Worth the Risk?

The Altseason Index shows a compression pattern that often precedes strong market expansion. XRP reflects stability, while Aptos and Sui show higher growth but increased volatility. Pi remains speculative due to unclear liquidity and limited exchange presence. The altcoin market is

CryptoNewsLand4h ago

XRP Rallies to $1.48 Amid Iran Deal and Ripple Banking News

XRP price rose to $1.48 on April 17, up 4.51% over the last 24 hours, as stronger trading activity, easing geopolitical tension, and Ripple-related banking developments supported sentiment, according to market data. Daily trading volume increased 14.35% to $4.52 billion, while the token's market

CryptoFrontier7h ago

Dogecoin Holds $0.09 Support as $0.10 Breakout Looms

Dogecoin remains around $0.09, showing limited movement as traders await a clear breakout direction. Key support is at $0.08, with resistance at $0.10. Current technical indicators suggest a balanced market, but a decisive move is needed to shift momentum.

CryptoNewsLand8h ago

Chainlink Holds Near $9 as Traders Eye Break Above Key Levels

Key Insights: Chainlink holds near $9.13 as positive funding rates show bullish sentiment, yet declining open interest signals reduced trader participation and weaker conviction. Price remains below major moving averages, with resistance between $9.16 and $9.26 limiting upside despite

CryptoNewsLand8h ago

Chainlink Price Compresses Below $10 as Breakout Pressure Builds

Key Insights Chainlink maintains higher lows within a tightening range, reflecting steady accumulation as buyers absorb selling pressure and prepare for a potential breakout move Repeated resistance tests near $10 weaken supply levels while rising support strengthens demand, increasing the p

CryptoNewsLand9h ago
Comment
0/400
No comments