HBAR Price Struggles to Hold $0.20 as Traders Stay Bullish Amid Mixed Market Signals

Hedera’s native token, HBAR, has been on a notable upward trajectory in recent weeks, gaining attention across crypto markets. However, the altcoin is now facing a key challenge: maintaining support above the psychologically important $0.20 mark.

Despite the recent dip—HBAR is currently trading about 6% lower over the past 24 hours—market sentiment remains cautiously optimistic. Many traders are still betting on further gains, buoyed by a rising funding rate that suggests a dominance of long positions. This surge in leveraged bullish bets indicates continued confidence in the token’s potential.

Yet not all indicators are aligned with this optimism.

Bullish Sentiment Meets Technical Caution

Technical analysis presents a more nuanced picture. The MACD (Moving Average Convergence Divergence), a widely followed momentum indicator, is showing signs of an impending bearish crossover. If confirmed, this could signal a loss of upward momentum and a potential end to HBAR’s seven-week uptrend.

Such a shift could weaken buying pressure and open the door to a price pullback—especially if the token continues to struggle near resistance levels and fails to hold its current support.

For now, $0.20 remains a critical price zone. If HBAR regains and stabilizes above this level, the next major target would be a breakout past $0.22. That move could help re-establish bullish control and potentially push the token into new territory.

On the downside, failure to hold above $0.18 may trigger a bearish reversal, with the next support sitting near $0.16. A move below this level would likely invalidate the broader uptrend and signal a deeper correction.