HBAR’s current price, at $0.247, has recently broken below its bullish channel, signaling a clear shift toward a bearish trend.
The bullish momentum recorded between August 2 and August 10, which lifted the price from $0.22546 to $0.27910 (+21%), stalled at the channel’s upper boundary, which acted as resistance.
Currently, the technical correction is intensifying, and the price is likely to seek support in the $0.21–$0.22 zone to find liquidity.
Rising Institutional Adoption and Macroeconomic Challenges for Hedera
Hedera has strengthened its position as a blockchain platform focused on enterprise-grade solutions, with announcements highlighting its capabilities in asset tokenization, traceability, and decentralized governance. Major corporations such as Google, IBM, and Boeing continue to back the ecosystem, boosting investor confidence.
Recently, financial institutions including Lloyds and Aberdeen have adopted Hedera for regulated tokenized settlements in the United Kingdom, a significant step toward blockchain integration in the banking sector. These developments have raised HBAR’s institutional profile and fueled expectations of greater adoption in regulated environments.
However, not all news is positive: recent data shows net capital outflows of approximately $6.42 million, indicating that some investors are taking profits. On the macroeconomic side, the relative strength of the U.S. dollar, a rotation of capital into more defensive assets, and regulatory uncertainty in both the U.S. and Europe are adding short-term downward pressure.
HBAR Technical Analysis
From a technical perspective, HBAR’s 4-hour chart shows clear signs of weakening following the break of the bullish channel. On August 2, a strong rally began, lifting the price by 21% from $0.22546 to $0.27910 on August 10. That level coincided with the channel’s upper boundary, which failed to break, and the price has since entered a corrective phase, recently breaking below the channel.
The current price stands at $0.247. Volume strongly supported the rally from August 2 to August 10 but has dropped significantly during the corrective phase, reflecting reduced conviction from buyers. The EWO (Elliott Wave Oscillator) confirms this loss of momentum: green bars have been shrinking toward negative territory, suggesting a potential bearish extension ahead.
The RSI is around 40, falling from neutral levels, indicating weakening momentum without yet entering oversold territory. This leaves room for further downside before significant buying pressure may emerge. The MACD also supports the bearish outlook: on August 10, a negative crossover occurred as the fast line moved below the slow line, with the histogram turning red, signaling an increase in selling pressure.
Conclusion and Scenarios
The most decisive technical event has been the break below the bullish channel, invalidating the previous structure and favoring a deeper corrective scenario. The most likely path is a move toward the $0.21–$0.22 area, where the price could find liquidity and significant support. A sustained close above $0.26–$0.27 would be necessary to reverse the bearish trend and reignite a solid bullish move.
Technical charts courtesy of TradingView**.**
Disclaimer: The opinions expressed do not constitute investment advice. If you are looking to make a purchase or investment, we recommend that you always do your research.
If you found this article interesting, here you can find more ALTCOINS News**.**
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TECHNICAL ANALYSIS OF $HBAR PRICE: Bullish Channel Break and Potential Bearish Scenario Unfolding? - Crypto Economy
Rising Institutional Adoption and Macroeconomic Challenges for Hedera
Hedera has strengthened its position as a blockchain platform focused on enterprise-grade solutions, with announcements highlighting its capabilities in asset tokenization, traceability, and decentralized governance. Major corporations such as Google, IBM, and Boeing continue to back the ecosystem, boosting investor confidence.
Recently, financial institutions including Lloyds and Aberdeen have adopted Hedera for regulated tokenized settlements in the United Kingdom, a significant step toward blockchain integration in the banking sector. These developments have raised HBAR’s institutional profile and fueled expectations of greater adoption in regulated environments.
However, not all news is positive: recent data shows net capital outflows of approximately $6.42 million, indicating that some investors are taking profits. On the macroeconomic side, the relative strength of the U.S. dollar, a rotation of capital into more defensive assets, and regulatory uncertainty in both the U.S. and Europe are adding short-term downward pressure.
HBAR Technical Analysis
From a technical perspective, HBAR’s 4-hour chart shows clear signs of weakening following the break of the bullish channel. On August 2, a strong rally began, lifting the price by 21% from $0.22546 to $0.27910 on August 10. That level coincided with the channel’s upper boundary, which failed to break, and the price has since entered a corrective phase, recently breaking below the channel.
The current price stands at $0.247. Volume strongly supported the rally from August 2 to August 10 but has dropped significantly during the corrective phase, reflecting reduced conviction from buyers. The EWO (Elliott Wave Oscillator) confirms this loss of momentum: green bars have been shrinking toward negative territory, suggesting a potential bearish extension ahead.
The RSI is around 40, falling from neutral levels, indicating weakening momentum without yet entering oversold territory. This leaves room for further downside before significant buying pressure may emerge. The MACD also supports the bearish outlook: on August 10, a negative crossover occurred as the fast line moved below the slow line, with the histogram turning red, signaling an increase in selling pressure.
Conclusion and Scenarios
The most decisive technical event has been the break below the bullish channel, invalidating the previous structure and favoring a deeper corrective scenario. The most likely path is a move toward the $0.21–$0.22 area, where the price could find liquidity and significant support. A sustained close above $0.26–$0.27 would be necessary to reverse the bearish trend and reignite a solid bullish move.
Technical charts courtesy of TradingView**.**
Disclaimer: The opinions expressed do not constitute investment advice. If you are looking to make a purchase or investment, we recommend that you always do your research.
If you found this article interesting, here you can find more ALTCOINS News**.**