Hedera Price Analysis: HBAR Price Breached The Crucial Support Trendline; Long Traders Guard Up!

Brian Bollinger
November 21, 2021 Updated August 11, 2025
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HBAR coin

The overall trend HBAR/USD price is still bullish; however, this time, the coin could deepen its correction as the price dropped below the crucial support trendline that had been carrying the uptrend since long back. The coin still needs to go through a retest phase to validate this breakdown.

Key technical points:

  • The HBAR coin’s daily RSI chart shows a striking drop in its value
  • The intraday trading volume in the HBAR coin is $76.5 Million, indicating an 18% loss

TradingView Chart

Source- HBAR/USD chart by Tradingview

The HBAR coin travelled in a steady uptrend with clear higher highs and higher lows in its technical chart. This rally made an impressive recovery concerning the sudden fall of September. 

Furthermore, the crypto investor can observe an ascending trendline was leading this rally, providing dynamic support to the coin. On November 18th, the HBAR price gave a decisive breakdown from the support trendline, indicating that the price would drop lower.

The Relative Strength Index(47) indicates a bearish sentiment in the coin. However, the significant drop in RSI projects the increasing strength of market sellers.

 According to the crucial EMAs(20, 50, 100, and 200), the price still maintains an overall bullish trend, as its price is trading above the trend defining 100 and 200 EMA.

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HBAR/USD Chart In The 4-hour Time Frame

TradingView Chart

Source- HBAR/USD chart by Tradingview

The HBAR coin price has currently retraced back to ascending trendline, with the expectation of a proper resistance from this level. This retest face will validate if the breakdown was genuine or not and confirmation for a price drop.

According to traditional pivot levels, the crypto trader can expect the nearest support level for this coin at $0.336, followed by $0.298. And on the flip side, the resistance levels are $0.388 and $0.43

 

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
From the past 5 years I am working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. Reach out to me at brian (at) coingape.com
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.