Hedera Crypto ($0.21) Struggles at Key Support as Volatility Tightens
The post Hedera Crypto ($0.21) Struggles at Key Support as Volatility Tightens appeared on BitcoinEthereumNews.com.
Hedera is trading under pressure as the token hovers near the lower boundary of its Bollinger Bands. While the market shows hints of short-term stability, bearish undertones continue to dominate the broader picture. The narrowing of the bands suggests that volatility is contracting, a setup that often precedes a larger directional move. Traders are now eyeing whether the asset will manage a recovery attempt toward resistance levels or continue to slide deeper into bearish territory. HBAR Price Action Holds Near Lower Bollinger Band Analysis shared by Ripple Bull Winkle (@RipBullWinkle) on X highlights how the memecoin is currently sitting at $0.21, right at the lower Bollinger Band. This positioning reflects continued selling pressure, with bears maintaining control of near-term price action. However, being this close to the lower band can also suggest oversold conditions, raising the possibility of a corrective bounce if buyers begin stepping in. Source: X The 20-day SMA, which represents the middle Bollinger Band, sits at $0.23 and has now become the immediate barrier for the crypto to reclaim. A sustained move above this level would be the first sign of a potential shift in momentum. Until that occurs, the overall tone remains cautious, with traders treating current levels as a test of buyer resilience. Market Data Signals Bearish Weight, But CMF Offers Small Relief According to BraveNewCoin, Hedera is priced at $0.21, posting a 3.08% gain in the past 24 hours. The asset’s market capitalization stands at $9.09 billion, with daily trading volume reaching $224.2 million. These figures suggest healthy liquidity but also underline how the token remains pinned down compared to its higher trading ranges from earlier in the quarter. Source: BraveNewCoin At the time of writing, HBAR’s market cap was hovering near $9.05 billion, reflecting a minor daily decline of 0.49%. The Bollinger Bands…
Filed under: News - @ September 27, 2025 11:26 pm