Hedera (HBAR) Price Awaits a Break to Escape Sideways Trap

Since September 1, Hedera Hashgraph’s native token HBAR has been locked in a sideways trading pattern. It has repeatedly faced resistance at $0.2237 while finding reliable support at $0.2109. 

Now trading at the $0.2202 mark, the weakening volatility across its spot market signals that price stagnation could continue in the near term. The key question is: What does this mean for HBAR holders?

HBAR in Balance — Neither Bulls Nor Bears Can Take Control

Readings from the HBAR/USD one-day chart show the token’s flattening Relative Strength Index. This indicates a relative balance between buying and selling pressures, with neither bulls nor bears having managed to take control. As of this writing, the RSI stands at 43.77.

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The RSI indicator measures an asset’s overbought and oversold conditions. It ranges between 0 and 100, with values above 70 indicating that the asset is overbought and due for a pullback. On the other hand, RSI readings below 30 suggest that the market is oversold and a rebound is on the horizon.

A flat RSI like this indicates the market lacks strong conviction in either direction. This pattern signals that HBAR traders are hesitant to commit to significant buy or sell positions and are waiting for a catalyst. 

Furthermore, HBAR’s Average True Range (ATR) has been steadily declining since August 3, reflecting a steady drop in market volatility. At press time, it sits at 0.0122.

The ATR tracks the degree of price movement over a set period. When the indicator climbs, it signals widening price swings and heightened market activity. Conversely, when the ATR declines, it points to shrinking fluctuations and a lack of market momentum. 

This puts HBAR at risk of extended sideways movements unless fresh catalysts emerge. 

Will Bulls Push Higher or Bears Drag Lower?

HBAR’s falling volatility reflects a lackluster trading environment, as the token shows little energy to push beyond its established $0.2109–$0.2237 range. If demand rockets, and HBAR breaks above the $0.2237 resistance, its price could climb toward $0.2368.

However, if a bearish trend drives a breach of the $0.2109 support level, the token’s price could plunge to $0.1945.