Hedera’s native token HBAR is once again searching for upward momentum after an extended period of sideways trading. Recent price action has prompted analysts to revisit the vital support line that has sparked debate since 2020. Currently, HBAR is trading at a technically significant level where sustained moves could shape its long-term outlook.
Third Major Support Test on Technical Charts
HBAR’s upward-sloping support line, clearly seen in its price charts, stands out as a zone that has been tested and rebounded from several times over the past few years. Previous recoveries from this level occurred in both 2020 and 2024. Now, with a new formation anticipated for 2026, another test of this support is on the table. Technical analyst ChartNerd believes that if HBAR can bounce from this ascending line for a third time, it could trigger a robust upward move in the next wave.
The standout feature of the technical analysis, according to ChartNerd, is that “when HBAR sits on its ascending support line on weekly charts, it typically recovers upward—even under heavy selling pressure.”
A breakdown beneath this structure could diminish market optimism for further gains. Conversely, a close above this level would be critical for the long-term strength of HBAR’s support pattern.
Short-Term Market Signals
In the past few hours, HBAR has fluctuated between $0.08541 and $0.08984. According to up-to-date data from BraveNewCoin, HBAR is priced at $0.08746, marking a daily drop of 2.26%. The token’s total market capitalization has reached approximately $3.79 billion, with a trading volume of $73.24 million.
HBAR hit its all-time high of $0.57 in September 2021 but currently trades 84.59% below that peak. In the short term, the token is holding above the $0.085 support, with the next critical resistance expected in the $0.089 to $0.090 range. Sustained moves above this zone could open new avenues for buyers, but slipping under $0.085 could endanger the ongoing support structure.
| HBAR Price | Daily Change | Market Cap | Volume | All-Time High |
|---|---|---|---|---|
| $0.08746 | -2.26% | $3.79 billion | $73.24 million | $0.57 (September 15, 2021) |
Recent data displayed on CryptoAppsy screens confirm that HBAR is trading at $0.08746.
Key Fundamentals: Hedera’s Pilot Project
Hedera recently played a central role in a digital asset pilot program in Australia. Led by Australia Payments Plus, the project used a public network to let various custom tokens be exchanged via smart contracts. Notably, a “white coin”—a digital twin version of a wholesale CBDC (Central Bank Digital Currency)—was tested on the public network, while the actual CBDC remained secured on a private network.
Mini Glossary: A smart contract is computer code that operates automatically on a blockchain or distributed ledger technology (DLT), executing transactions according to pre-programmed rules. Smart contracts enable the transfer, exchange, or automation of digital assets.
This pilot combined both public and private permissioned DLT networks, with Hedera’s infrastructure at the core. Analyst FOUR emphasized that, following a lengthy correction phase, HBAR has entered a critical demand zone. For buyers to regain control, HBAR needs to hold the $0.085 to $0.087 bracket. If HBAR remains steady above this range, it may signal renewed upward momentum.
