- Price breaks key support at $0.225 with volume fading fast, signaling continued downside pressure across short timeframes.
- Descending triangle pattern confirms lower highs and weak demand, placing sellers in control heading into September.
- Market cap drops nearly $1 billion in a week as traders avoid aggressive entries and bullish momentum stalls.
Hedera Hashgraph (HBAR) is showing clear weakness after breaking below a key support zone. The price now trades under heavy pressure, with bears firmly in control as market momentum fades.
HBAR Breaks Support, Bears Push Lower
The 4-hour chart of HBAR on Binance shows a clear descending triangle forming since mid-July. The price recently broke below the key support area between $0.22100 and $0.22500 after multiple failed tests. Sellers kept rejecting prices at lower highs, pushing it down every time it tried to recover.
As of press time, the price of Hedera stands at $0.2259 this reflects a 0.08% decline over the last 24 hours and a 9.30% drop over the past 7 days.This marks the first clear breakdown below the support zone in weeks. Volume also dropped, signaling weak buyer interest during this move.
Crypto analyst Alphacryptosign on X (formerly Twitter) noted that short setups are now active for HBAR. They warned that if the price doesn’t reclaim the support zone, further downside is likely. Price action shows a retest of the broken zone as new resistance, which could lead to another leg lower.
Momentum Weak, RSI Near Oversold
Technical indicators continue to show a bearish setup. The MACD line is flat near -0.0036 with no strong trend forming. The histogram also remains near zero, reflecting weak momentum in both directions.
The RSI sits at 37.99, well below the neutral 50 level. This shows sellers have control, and the market is leaning toward oversold. HBAR has struggled to break above $0.24000, failing to gain strength after each bounce. Support around $0.22000 has held so far, but it’s under pressure.
On the bigger picture, HBAR is still stuck inside a wedge pattern. The breakout projection from the 2-day chart points toward a possible rise to $0.70, but only after clearing strong resistance levels.
Market Cap Drops, Volume Slows Down
HBAR’s market cap has dropped nearly $1 billion in a week. It fell from over $10.25 billion on August 25 to around $9.50 billion by August 31. A brief spike near $11 billion failed to hold as sellers quickly stepped in.
Volume has also slowed down, especially during the last few days of August. This signals caution among traders and weaker interest at current price levels. The market is waiting for a clear direction.
