Hedera (HBAR) traded at around $0.09, testing a key technical support level, although broader price momentum remains subdued. Despite occasional near-term recoveries and technical patterns suggesting support gains, continued declines in network revenues and ecosystem metrics are negatively impacting investor confidence.

According to current market data, HBAR is trading at close to $0.094, has a market cap of $3.9 billion, and 24-hour trading volume reflects modest activity at current price levels.

HBAR's price trends to the downside on the daily chart. Source: HBARUSD on Tradingview

Support holds, but trend weakness persists

In recent weeks HBAR price the action was largely corrective in nature, and the price was moving close to the October lows. Analysts tracking the charts note that while the $0.088-0.09 zone continues to provide support, the broader trend remains down as long as HBAR trades below key resistance levels at $0.126-0.177.

Some market participants have noticed a potential inverse head and shoulders pattern forming on shorter time frames, suggesting that a break above around $0.094-0.096 could open the door to a move towards $0.12. However, this scenario requires clear confirmation in the face of confined purchasing dynamics.

Technical indicators such as the Relative Strength Index (RSI) are trading near oversold levels, but momentum oscillators such as the MACD remain tilted to the downside. Traders note that until HBAR recovers and sustains movement above the 20-day, 50-day and longer-term moving averages, the structural bias is likely to remain negative.

Ecosystem metrics and revenue trends may impact Hedera (HBAR) price action.

Beyond price charts, on-chain ecosystem data suggests cooling activity. Total Value Locked (TVL) in Hedera’s decentralized finances layers have fallen significantly from mid-2025 highs, and weekly revenues from decentralized applications have fallen sharply in recent weeks.

Institutional interest in HBAR-related products, such as exchange-traded spot funds, has shown confined inflows recently, in contrast to the stronger demand seen for other altcoin ETFs. The lack of fresh capital from larger participants could further mitigate price gains if broader market uncertainty persists.

Analysts currently see a near-term swing outlook for HBAR, with the risk of deterioration of support levels near the low $0.08 levels if selling pressure intensifies. A sustained break above immediate resistance would be necessary to change sentiment and technical bias.

Cover image from the ChatGPT, HBARUSD chart on Tradingview