HBAR Price Prediction: HBAR Extends Downtrend Near Key Range
The post HBAR Price Prediction: HBAR Extends Downtrend Near Key Range appeared on BitcoinEthereumNews.com.
HBAR is attempting to stabilize near a key range after extended downside pressure. While market metrics and indicators show limited conviction for a shift, keeping sentiment cautious as price remains below critical resistance levels. Open Interest Shows Modest Rebound After Extended Decline The HBAR/USD 1-hour chart from Coinalyze shows price trading around 0.15631 following sustained downward pressure after peaking near 0.20000. Over recent sessions, the price has formed lower highs and lower lows, confirming a well-defined bearish sequence. Stabilization has emerged near 0.15500–0.16000, showing a temporary pause rather than a structural recovery, with the price continuing to hover close to local lows. Source: Open Interest The aggregated open interest indicator reflects a decline alongside price, signaling reduced participation driven by position closures and liquidation activity. However, open interest has recently begun to stabilize around 62.70M, suggesting early signs of renewed positioning from market participants. Despite this modest rebound, momentum remains weak, and sentiment has yet to show decisive commitment. The technical environment continues to favor caution while price trades near the lower boundary of the short-term structure. Analyst Notes Persistent Bearish Wedge Formation on X Analyst COSMIC shared a chart showing HBAR maintaining a bearish structure inside a descending wedge, reinforcing earlier projections of continued downtrend. Price action remains near 0.158, moving toward the mid-range of the wedge with limited upside strength following repeated rejections from the upper diagonal trendline. COSMIC emphasized the shift in tone by highlighting lower-timeframe exhaustion patterns and controlled selling behavior. Source: X The long-term down-sloping resistance line continues to cap recovery attempts, while broader support rests near the lower wedge boundary, indicating a wide distance between current levels and long-term structural support. The RSI remains constrained within a descending channel and recently faced rejection, aligning with weakening momentum. Market Metrics Reflect Cooling Sentiment but Solid…
