Hedera's HBAR token is trading at $0.09, with bearish momentum picking up speed as key technical indicators align for further downside. The cryptocurrency faces an imminent test of the critical $0.08 support level within the next seven days, and if selling pressure continues, a cascade to $0.075 is on the table.
Bearish signals intensify
Technical charts show a clear directional bias to the downside, driven by a combination of factors that together suggest the token's support floor is about to be challenged. The accelerated bearish momentum has traders watching closely, as the $0.08 mark has historically acted as a floor. A break below that could open the door to the next floor near $0.075.
$0.08 support in focus
The $0.08 level is considered critical because it has been a zone where buyers have stepped in before. With the token sitting at $0.09, there's only a 12% drop needed to reach that support. The question now is whether demand can absorb the selling pressure at that level or whether it gives way.
What a break below $0.08 means
If the $0.08 support fails, the next stop is $0.075 — a 6% decline from the support line and roughly 16% below the current price. That would represent a significant drawdown for a token that has already lost ground in recent sessions. The bearish momentum doesn't show signs of easing from a technical perspective, though market conditions can always shift.
The next week will determine whether the support holds or gives way, with $0.075 as the next floor if selling pressure persists. Traders are watching the price action closely for any reversal signals.
