The crypto market is showing mixed signals as Bitcoin maintains its position above $80,000, while lots of altcoins struggle to find momentum. Among these, Hedera (HBAR) has been trading in a distinctive descending triangle pattern since January 2025.
With the price currently at $0.16216, showing a decrease of 1.68% in the latest session. Will this result in a downfall to $0.11701?
Hedera Price Analysis
On the daily chart, HBAR’s price trend shows a significant bearish movement. Since January 2025, the token has dropped from around $0.38 to its current levels of around $0.16.
This represents a nearly 58% decline over the past three months. During this downtrend, Hedera has formed a descending triangle pattern, which includes a series of lower highs. This pattern typically signals continuation of the existing bearish trend.
With the price currently testing the lower support of the triangle at $0.16353, HBAR is at a critical position. The recent candles show small bodies with a minor rejection level, suggesting indecision in the market.
The intraday pullback of 1.68% indicates traders are in indecision with the long-term structure remaining bearish. Furthermore, the diminishing volume throughout this consolidation period suggests a decisive move may be near as the price approaches the end of the triangle.
The chart shows several key pivot points, with S1 at $0.11701 serving as major support if current levels fail. Resistance levels are clearly defined with R5 at $0.47213, though immediate resistance sits at R1 ($0.24848).
The EMA reveals a bearish alignment with the 20/50/100/200 EMAs all above the current price. This EMA around $0.20-$0.21 creates a significant resistance zone that HBAR needs to break through to reject the bearish pattern.
HBAR Price Targets
Based on the descending triangle formation, a breakdown below the support level could trigger a move toward $0.11701 (S1). This target is calculated by projecting the height of the triangle from the breakdown point.
If HBAR manages to break above the descending trendline and the EMAs, it could target the R1 level at $0.24848, which previously acted as support in late February.
On the downside, if the price could not hold the current support level, HBAR could drop to S1 at $0.11701, with S2 at $0.07092 serving as the next major support area in case of a breakdown.
HBAR Foundation and OnlyFans Founder Propose TikTok Acquisition
The HBAR Foundation has partnered with Tim Stokely, founder of the internet subscription website OnlyFans, in an attempt to acquire TikTok. Last week, Stokely and the HBAR Foundation submitted a proposal to the White House through Zoop, a newly established crowdfunding company. This was hinted at by a recent tweet.
RJ Phillips, co-founder of Zoop, stated that the acquisition is aimed not only at changing ownership. He also aims to create a new model that allows creators and their communities to benefit directly from the value they generate. If the acquisition goes through, we can see a price surge in HBAR.
New Unlocks For Hedera
The Hedera Network is reshaping the smart contract capabilities with the unveiling of the Hedera Improvement Protocol 755 and 756. With the new proposals, the network will witness an upgrade for scheduled transactions.
The upgrades will further enable the functionality for multi-party coordination and scheduling capabilities. With the latest upgrades, the dApps based on the Hedera network will find new endeavors.
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