Hedera (HBAR) Price Prediction: After a 14.7% weekly decline, technical signals indicate a potential rebound.

Hedera (HBAR) has declined by 14.7% over the past week, with daily trading volume dropping nearly 50%, indicating a weak short-term market sentiment. However, from a technical analysis perspective, HBAR’s market structure and on-chain indicators still suggest potential for a rebound. This article will analyze HBAR’s price movements, key support and resistance levels, the implications of RSI and OBV indicators, and combine market sentiment with macro factors to provide short-term price forecasts and trading strategies for crypto users.

Recent HBAR Market Overview

According to CoinMarketCap data, HBAR has gained 1.29% in the past 24 hours but remains down 14.7% compared to last week. The daily trading volume has decreased by about 50%, reflecting reduced market activity and suggesting that short-term rebound attempts may face challenges.

Bitcoin (BTC) continues to trade above $100,000, providing some recovery space for altcoins. However, most altcoins remain in a downtrend and need to break through key resistance levels for the market to turn bullish.

Technical Analysis: Price Structure and Key Support & Resistance

1. Bullish Signal: Breakthrough of $0.195

In mid-October, HBAR formed a local high on the daily chart and successfully broke above $0.195. This marks a structural bullish reversal of the downtrend that has been ongoing since mid-August, indicating that buyers still hold some strength in the market.

2. Short-term Resistance and Possible Pullback

On the 1-hour chart, HBAR currently faces significant resistance at the $0.176 swing level, with the $0.19–$0.20 zone showing strong supply pressure. Although the short-term RSI indicates bullish momentum, the hourly OBV suggests buying strength remains relatively weak. This could lead to a short-term price correction or consolidation.

RSI and OBV Indicator Insights

• RSI (Relative Strength Index): HBAR’s daily RSI is at 42.6, indicating neutral to slightly weak market momentum. The slight bullish divergence in RSI may support a minor rebound, but it’s unlikely to sustain a strong rally on its own.
• OBV (On-Balance Volume): Over the past three weeks, OBV has been making higher lows and higher highs, signaling capital inflow. Despite the recent price decline, the rising OBV trend suggests accumulation by buyers, supporting the potential for a rebound.

Combining RSI and OBV, the market’s bullish structural shift appears slightly favored. Even if a short-term pullback occurs, it could present a low-risk entry point for accumulation.

Short-term Price Forecast for HBAR

Based on technical indicators and market structure, HBAR may follow these potential paths:

1. Support Levels: $0.176 is a key local support. Holding this level could enable a rebound.
2. Resistance Levels: The $0.19–$0.20 zone is a strong resistance area. Price may face selling pressure here and need to break through to shift market bias.
3. Possible Pullback: If OBV’s upward momentum stalls and buying pressure weakens, HBAR could decline back to the $0.168–$0.172 range, testing support again.

Trading strategies should focus on buying near key supports in tranches, confirming strength before adding more, and setting take-profit or stop-loss orders at resistance levels to manage risk.

Market Sentiment and Macro Factors

• Bitcoin’s Support Role: BTC staying above $100,000 provides psychological support and potential capital inflows for HBAR and other altcoins.
• Volume Decline Signal: The 50% drop in daily trading volume indicates caution among traders, which could limit the scope of a rebound.
• Investor Focus: Short-term traders might tighten stop-losses amid volatility, while long-term investors should monitor on-chain accumulation signals and Bitcoin’s trend for strategic entries.

Historical Insights and Investment Tips

Since HBAR’s sharp decline starting October 10, the price has been generally trending downward. However, the breakout above $0.195 signals that buyer strength remains. Combining on-chain fund flows, RSI, and OBV, investors might consider:

1. Short to Medium Term: Accumulating near the $0.176 support with targets at $0.19–$0.20, while setting stop-losses below recent lows.
2. Long Term: Watching on-chain accumulation and Bitcoin’s overall trend to gradually increase positions when market sentiment improves.
3. Risk Management: Given altcoin volatility and declining volume, tight stop-losses and prudent position sizing are essential.

Conclusion: Watch for Structural Bullish Signals and Cautiously Seize Rebound Opportunities

Despite a significant decline over the past week, technical analysis and on-chain indicators suggest potential bullish momentum for HBAR. The breakout above $0.195, rising OBV, and Bitcoin’s support level collectively hint at possible upside. However, short-term resistance and weak buying pressure warrant caution. Traders should monitor support and resistance levels, combine technical signals with fund flow insights, and position themselves accordingly to capitalize on potential rebounds.