Analyzing Hedera: Looking at the HBAR USDT Pair in Tradingview
2025-04-16
Hedera (HBAR), once a promising cryptocurrency, has recently come under significant bearish pressure, with multiple technical indicators signaling a weakening of its bullish momentum. The cryptocurrency has lost some of its prior value, with a $7 billion market cap now slipping away, and the volume of trades has dropped considerably in recent days.
As of now, the trading volume stands at $203 million, which represents a 25% decline over the past 24 hours.
In this article, we’ll dive into the technical analysis of the HBAR/USDT pair on TradingView and examine why the market is currently leaning toward bearish sentiment.
HBAR Decreasing Volume and Bearish Momentum
The HBAR market has shown notable signs of bearishness. The first red flag is the 25% decrease in trading volume, which is often a precursor to price stagnation or further decline. This drop in volume suggests reduced interest from investors, which is typically seen during consolidation or pullback phases in the market. As volume decreases, so does the market's ability to sustain bullish trends.
At the same time, several key technical indicators have turned bearish, reinforcing the expectation that HBAR could be in for a period of downside pressure unless there is a sudden return of buying activity. This is evident in the price action and the behavior of moving averages and other momentum indicators.
HBAR BBTrend Indicator: A Shift in Trend Strength
The BBTrend (Bollinger Band Trend indicator) is another technical tool providing crucial insights into Hedera's current market behavior. This indicator tracks the strength of a trend based on how far the price deviates from its average range. A reading above 10 indicates a strong trend, while a reading below 10 signals a weakening trend or potential consolidation.
Source: TradingView/BeInCrypto
Currently, HBAR’s BBTrend sits at 5.84, a sharp drop from 11.99 just two days prior. This significant decline in the BBTrend reading suggests that Hedera’s recent bullish momentum is losing steam. Lower readings generally indicate reduced volatility and a transition into a sideways price phase or potential pullback. If the BBTrend remains below 10, HBAR may struggle to initiate another upward movement, which would continue to fuel bearish sentiment.
HBAR RSI Indicator: Loss of Bullish Momentum
Another technical indicator supporting the bearish narrative is the Relative Strength Index (RSI). This momentum oscillator measures the speed and magnitude of recent price changes, with readings above 70 suggesting overbought conditions and values below 30 indicating oversold conditions. The RSI also has a neutral level of 50, which often acts as a dividing line between bullish and bearish sentiment.
Source: TradingView/BeInCrypto
At present, HBAR’s RSI stands at 44.67, having fallen significantly from 63.12 just three days ago. The current RSI value is well below the neutral 50 mark, which indicates that sellers are gradually taking control of the market. With the RSI moving toward a bearish level, it suggests a potential continuation of weakening demand, setting the stage for further consolidation or even a mild downward trend.
Should the RSI continue to decline, it could signal further downside potential for HBAR. A sustained bearish trend could bring HBAR closer to its support levels, adding more pressure to the ongoing market correction.
Also read OnlyFans Founder Tim Stokley and HBAR Foundation Team Up to Acquire TikTok
HBAR EMA Lines and the Looming Death Cross
One of the most concerning signals for HBAR’s price action is the potential formation of a death cross. This occurs when a short-term moving average, like the 50-day exponential moving average (EMA), crosses below a longer-term moving average, such as the 200-day EMA. A death cross is considered a strong bearish indicator and suggests that downward price momentum could increase in the near future.
At this stage, the death cross formation remains a looming threat for HBAR. If the cross does materialize, it could initiate a more significant price drop.
In such a scenario, HBAR may test nearby support levels, with $0.156 and $0.153 acting as key price levels to watch. These support zones have recently provided short-term relief, but if they break down, HBAR could face a sharper decline toward the $0.124 region.
Potential Support and Resistance Levels
Looking at the chart, there are several critical price levels to monitor. The aforementioned support levels at $0.156 and $0.153 are the first lines of defense for HBAR. A sustained break below these levels could trigger a more significant sell-off, with the next major support level located at $0.124.
Source: TradingView/BeInCrypto
On the other hand, if Hedera can regain momentum and push above the $0.168 resistance, it could signal a shift in sentiment toward the bulls. A breakout above this resistance could pave the way for further upward movement, potentially leading to price targets around $0.178 and, if the bullish trend gathers steam, $0.20.
XRP to USD: Convert Hadera (HBAR) to USD
Hadera (HBAR), Market Cap, Price Today & Chart History
Conclusion: Is Hedera Heading for Deeper Losses?
The current technical analysis of Hedera’s HBAR/USDT pair indicates growing bearish pressure. The decline in trading volume, the weakening BBTrend, the drop in RSI, and the looming death cross all suggest that HBAR may face more challenges in the near future. However, the market is still unpredictable, and there is always the potential for a reversal if buying pressure returns.
Investors should keep a close eye on the critical support and resistance levels outlined above, as these will likely determine the direction of HBAR's price in the coming days. If HBAR can hold above its support levels and regain bullish momentum, it may still have a chance to push higher. However, if the bearish pressure continues to mount, further corrections could be on the horizon.
For now, the market is watching closely to see how Hedera responds to these technical indicators and whether a potential reversal can occur.
FAQ
1. What is the BBTrend indicator, and why is it important for HBAR?
The BBTrend (Bollinger Band Trend) indicator measures the strength of a price trend based on how far it deviates from its average range. A reading above 10 signals strong momentum, while a reading below 10 suggests weakening momentum. Currently, HBAR's BBTrend is below 10, indicating a loss of bullish strength.
2. What does the RSI value mean for Hedera (HBAR)?
The Relative Strength Index (RSI) measures momentum by tracking price changes. An RSI below 50, like the current 44.67 for HBAR, suggests that sellers are gaining control. This signals weakening demand and could indicate the start of a consolidation or downward trend.
3. What is a 'death cross' in technical analysis?
A 'death cross' occurs when a short-term moving average (like the 50-day EMA) crosses below a long-term moving average (like the 200-day EMA). It’s typically seen as a bearish signal, indicating potential for further downside pressure. HBAR is currently at risk of forming a death cross, which could trigger more losses.
4. What price levels should investors watch for Hedera (HBAR)?
Key support levels for HBAR are at $0.156 and $0.153. If these levels break, HBAR could decline toward $0.124. Resistance is at $0.168—if HBAR breaks this level, it could signal a bullish reversal, pushing prices toward $0.178 or even $0.20.
Disclaimer: The content of this article does not constitute financial or investment advice.
