Hedera Hashgraph’s native token HBAR spent much of this week testing the $0.0705 zone, with traders monitoring for signs of a sustained recovery. The price briefly dipped to just above $0.069
Hedera Hashgraph’s native token HBAR spent much of this week testing the $0.0705 zone, with traders monitoring for signs of a sustained recovery. The price briefly dipped to just above $0.069 before rebounding, reaching approximately $0.0699 during the August 2 session. This slight uptick amounted to a 0.14% gain but did not inspire significant buying momentum.
Despite the recent recovery, HBAR remains well below its peak values. The token currently trades 87.72% lower than its 2025 high of $0.57, recorded in early February. Total market value stands at $3.06 billion, while daily trading volume is about $37.55 million.
Market data over the past week indicated that HBAR neared a local low of $0.0689 before buyers managed to push the price above $0.070. However, sellers quickly returned near the short-term peak, stalling the upward move.
Analysts suggest that overcoming the $0.0705 barrier could open the way for further gains, with targets at $0.073 and $0.075 in the near term. On the downside, the cryptocurrency has immediate support at $0.06886, with $0.066 identified as the next critical level that could lead to renewed bearish pressure if breached.
Price LevelStatus$0.075Immediate resistance$0.0705Current resistance/testing zone$0.06886Immediate support$0.066Major support; possible downside triggerMomentum traders using TradingView’s analytics noted HBAR rose 1.36% in the last complete session, hitting an intraday high near $0.06998 before retracing. After a persistent downtrend since late 2025, market conditions appear to be stabilizing. The Moving Average Convergence Divergence (MACD) histogram stands at $0.00033, with the MACD “crossing upwards” signaling early upward momentum.
Analysts warn that renewed selling pressure could return if the MACD histogram begins to decline. Meanwhile, TradingView’s daily chart indicates the Relative Strength Index (RSI) climbed to 49.95, just below the neutral 50 mark, before a slight pullback.
If the RSI remains above 50, buyers are likely to have the upper hand, although strong selling zones are expected between $0.075 and $0.090. Currently, technical support remains at $0.0688, while upward targets are focused on $0.073 and $0.075 in the short term.
Mini dictionary: MACD (Moving Average Convergence Divergence) is a technical indicator used to identify price trends and momentum, showing the relationship between two moving averages of a security’s price.
HBAR’s stabilization came after the MACD indicator began to cross higher and the RSI hovered just below neutral, providing early signs that momentum was improving, although analysts remain cautious about the sustainability of the move unless further resistance levels are breached.
A recent X post by an independent analyst forecasted HBAR would end its correction phase before October, with a potential for new all-time highs later. However, a more reserved outlook is evident from TradingView’s technical analysis, which notes ongoing resistance levels as the asset consolidates just below key price points.
The daily chart suggests that a close above $0.075 would mark a stronger reversal, potentially targeting $0.080 and $0.090. A sustained move above $0.10 could signal a change in broader market structure, but the path to recovery remains uncertain in the near term.
Currently, buyers appear to support HBAR above $0.0688, while sellers retain a broader advantage with the token trading under $0.075.
Hedera Hashgraph, the distributed public network behind HBAR, is designed to offer fast, secure, and fair transactions for applications. The project uses a unique consensus mechanism distinct from traditional blockchains to improve speed and scalability.
While buyers are defending recent lows, significant resistance lies ahead, and HBAR’s longer-term trend will depend on its ability to confirm closes above $0.075 in the following sessions.
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