- The Hedera price challenges the multi-month resistance trendline of a falling channel pattern at $0.095.
- Coinglass data shows HBAR futures open interest increased from roughly $90 million to over $108 million.
- The downsloping trendline of daily exponential moving averages (20, 50, 100, and 200) indicate a broader bearish trend.
HBAR, the native cryptocurrency of Hedera network, is up 1.4% on March 15th but with notable price rejection above $0.095. The selling pressure initially followed the broader market pullback following the escalating geopolitical tension in the middle east. However, the selling pressure accelerated as the Hedera price is facing strong opposition at the resistance trendline of a long-coming channel pattern, is HBAR price heading for $0.8?
HBAR Sees Derivatives Surge After Wyoming Stablecoin Launch
Since last week, the Hedera price has witnessed low volatility sideways trading wavering around $0.095. A series of short-bodied candles with no follow up indicating a lack of conviction from buyers or sellers to support price movement.
On the network side, the first stablecoin issued by a U.S state, Wyoming’s Frontier Stable Token, also known as FRNT, became available on Hedera around March 12, 2026. Initially used on several other blockchains earlier in the year, FRNT’s integration with Hedera was preceded by an evaluation process by the Wyoming Stable Token Commission that selected the network for its features that made it appropriate for regulated digital payments.
Coinciding with this integration activity in HBAR derivatives picked up noticeably. Data from Coinglass indicates open interest in HBAR futures contracts rising from around $90 million to over $108 million in recent sessions pointing towards positioning among traders.
Broader market sentiment has been influenced by what is happening in the Middle East. On March 15, 2026, Iranian Foreign Minister Abbas Araghchi said that the Strait of Hormuz remained open for the passage of international shipping.
He specified however, that access is limited to exclude vessels with ties to the United States or Israel amidst the ongoing regional tensions. The U.S. and allied forces have in the meantime reiterated their determination to block any complete blockade of this critical shipping route.
These elements have added to the current phase of contained price action for HBAR.
Hedera Price Challenges Multi-Month Resistance
By the press time, the Hedera price jumped 1.5% to currently trade at $0.095. The uptick challenges the key resistance trendline of the falling channel pattern in the daily time frame chart.
Since July 2025, the coin price has been actively resonating within the two parallel trendlines of the channel creating a steady downtrend. Historically, a retest to the pattern’s resistance trendline often renews the supply pressure in, either a price, leading to a fresh bearish cycle within the channel.
The 20-and-50-day EMA slopes currently positioned at the same trendline create a high area of supply for sellers. If the coin price breaks below the $0.092 support, the sellers could strengthen their grip over the asset and drive a 21% fall to retest $0.073 support.
On the contrary note, if the contract breaks above the channel resistance with a strong daily candle closing, the buyers could recoup the recovery momentum for a fresh rally. The post-breakout push could lead the broader price to $0.134 to $0.16.
