Hedera (HBAR) Battles Critical $0.09 Support Amidst Declining Network Revenue
Hedera (HBAR) finds itself at a pivotal juncture, trading precariously around the $0.09 mark. This crucial technical support level is being tested as the cryptocurrency's broader price momentum remains subdued, overshadowed by concerning declines in network revenue and overall ecosystem metrics.
Technical Hurdles and Bearish Undercurrents
Over recent weeks, HBAR's price action has largely been corrective, oscillating near its October lows. While the $0.088-$0.09 zone has consistently acted as a support floor, the overarching trend continues to lean bearish. Analysts point out that HBAR must conquer significant resistance levels, specifically between $0.126 and $0.177, to break free from this bearish sentiment. Although some market observers note a potential inverse head-and-shoulders pattern on shorter timeframes, hinting at a rally towards $0.12 if it breaks above $0.094-$0.096, such a move requires substantial buying momentum. Currently, technical indicators like the Relative Strength Index (RSI) are hovering near oversold territory, yet momentum oscillators like MACD remain firmly skewed downwards. Until HBAR decisively moves and sustains above its 20-day, 50-day, and longer-term moving averages, a negative structural bias is expected to persist.
Ecosystem Health and Institutional Apathy Weigh Heavily
Beyond technical charts, on-chain ecosystem data reveals a cooling trend in activity. Hedera's decentralized finance (DeFi) layer has experienced a notable drop in Total Value Locked (TVL) since mid-2025 highs, coupled with a sharp decline in weekly decentralized application (DApp) revenue. This reduction in network engagement signifies a broader challenge to investor confidence. Furthermore, institutional interest in HBAR-linked products, such as spot exchange-traded funds (ETFs), has seen limited inflows, a stark contrast to the robust demand observed in other altcoin ETFs. This lack of fresh institutional capital could further impede any significant price advances for HBAR, particularly if broader market uncertainty continues to loom. The immediate outlook suggests HBAR will likely remain range-bound, with a continued risk of falling to the low $0.08s if selling pressure intensifies without a strong, confirmed breakout above resistance.
