HBAR is trading at $0.066, and the $0.065 support floor that has held for weeks is starting to crack. A technical analysis published August 12 by Blockchain.news puts the odds of a bearish move at 60%, with a target range of $0.055–$0.060. The only support left, according to the report, is the lower Bollinger Band.
What the analysis says
The Blockchain.news report is blunt: the $0.065 level is no longer reliable. It's been tested repeatedly, and each test has left it weaker. The lower Bollinger Band is now the only support level for HBAR, which means if that band gives way, there's not much underneath until the $0.055–$0.060 zone.
The 60% probability assigned to the bear case isn't a wild guess. It's based on the way price has been hugging the lower band and failing to bounce with any conviction. The report doesn't call for a crash, just a grind lower into that range.
Why the floor is cracking
Support levels don't break all at once. They erode. HBAR has spent enough time hovering just above $0.065 that buyers have lost interest, and the latest push down has taken it to $0.066 — dangerously close to the line. The analysis suggests that a daily close below $0.065 would confirm the breakdown and open the path to the lower target.
It's not a panic situation. The lower Bollinger Band is still there, and it's a technical level that has historically attracted buyers. But the report's tone is cautious, and the 60% bearish probability reflects that.
What to watch
The next few sessions will tell the story. If HBAR can hold above $0.065 and push back toward the middle band, the bear case loses steam. If it slips below, the $0.055–$0.060 range becomes the realistic destination.
The analysis from Blockchain.news is dated August 12, so it's fresh. Traders will be watching the daily close today to see if the support floor holds or finally gives way.
