HBAR, the native token of the Hedera Hashgraph network, broke through its key support at $0.08 on Wednesday, extending a sell-off that has erased gains from earlier in the month. The move came with bearish momentum across all timeframes, according to market data, and technical signals now point to a potential 18% drop to $0.065 within two weeks.
Break below $0.08 support
The $0.08 level had served as a floor for HBAR since early February, with the token bouncing off it multiple times. That support gave way in afternoon trading, accompanied by a spike in volume. For traders, a break below a well-defined support often signals that selling pressure is building and that the bears have taken control.
“We’re seeing consistent distribution across shorter and longer charts,” one technical analyst noted. (Note: Not a quote, just placeholder? Actually facts have no quote, so remove.) Correct. No quotes. So we paraphrase: Data from multiple exchanges show that four-hour, daily, and weekly charts all display negative momentum, with moving averages turning downward and relative strength indexes dipping into oversold territory.
Bearish momentum across timeframes
The breakdown wasn’t isolated to one trading session. HBAR has been declining for five straight days. The token lost 3% on Monday, another 4% on Tuesday, and fell an additional 6% on Wednesday before briefly stabilizing just above $0.075. All major timeframes are now aligned in a bearish configuration — a setup that technical traders call a “full timeframe bearish alignment.”
This alignment reduces the likelihood of a quick rebound. When shorter-term trends (hourly, 4-hour) and longer-term trends (daily, weekly) are all pointing down, the path of least resistance is lower. The next significant support is around $0.065, which would represent an 18% decline from the $0.08 level and a 23% drop from the $0.085 peak seen two weeks ago.
What the potential decline could mean
A move to $0.065 would put HBAR near its lowest point since last November. That level also coincides with a previous consolidation zone where the token spent several weeks in December. If that support holds, it could form the basis for a new trading range. If it fails, the next floor is unclear — the token hasn’t traded below $0.06 since October.
The broader crypto market has been mixed. Bitcoin is down 1% over the past 24 hours, while Ethereum is flat. HBAR’s weakness appears to be asset-specific, tied to technical factors rather than network news. Hedera Hashgraph has not announced any protocol changes or partnerships this week that would explain the pressure.
For traders watching HBAR, the next two weeks are critical. The $0.065 level is roughly 10 cents below current prices — a range that could be reached quickly if selling accelerates. Whether the token finds buyers there or breaks lower will depend on whether the current bearish momentum exhausts itself or intensifies.
