The post HBAR Tests Lower Bollinger Band Support at $0.16 as Crypto Markets Face Broad Selling Pressure appeared on BitcoinEthereumNews.com.

Timothy Morano
Oct 19, 2025 07:57

Hedera (HBAR) trades near $0.16 support level with RSI at 33.98, suggesting potential oversold bounce as token approaches critical technical inflection point amid broader market weakness.

Quick Take • HBAR trading at $0.16 (down 0.5% in 24h) • No major catalysts driving price action in past week • Token testing lower Bollinger Band support zone • Following Bitcoin’s bearish momentum with broader crypto selloff Market Events Driving Hedera Price Movement Trading on technical factors in absence of major catalysts, HBAR price has declined modestly over the past 24 hours as the broader cryptocurrency market faces selling pressure. No significant news events have emerged in the past week that would directly impact Hedera’s price trajectory, leaving technical analysis as the primary driver for short-term movements. The current HBAR price action reflects the broader risk-off sentiment across digital assets, with Bitcoin’s continued weakness weighing on altcoin performance. Market participants appear to be de-risking positions ahead of potential macroeconomic developments, creating a challenging environment for most cryptocurrency projects including Hedera. HBAR Technical Analysis: Testing Critical Support Zone Price Action Context Hedera technical analysis reveals HBAR currently trading below all major moving averages, with the token sitting at $0.16 compared to the 7-day SMA of $0.18 and 20-day SMA of $0.20. The current positioning suggests continued bearish momentum in the near term, though the proximity to the lower Bollinger Band at $0.15 indicates potential oversold conditions. Trading volume on Binance spot market of $12.6 million remains moderate, suggesting institutional interest has not dramatically shifted despite the recent price weakness. The token’s position relative to its 52-week range shows HBAR trading closer to annual lows of $0.13 than highs of $0.29. Key Technical Indicators The RSI reading of 33.98 places HBAR…

---

Filed under: News - @ October 19, 2025 8:26 am