Hedera holds firm above key $0.16 support, showing resilience despite recent volatility. Analysts highlight potential for a bullish continuation if the level sustains.
With price consolidating near $0.19 after a post-ETF pullback, traders are watching closely for a breakout above $0.20 or a retest of lower supports around $0.165.
HBAR Holds Firm as Buyers Defend Key Support
Hedera has continued to show resilience on the monthly chart, maintaining a steady structure above the $0.16 support level despite recent volatility. Data from Coinbase shows the asset trading near $0.19 after recording a 4.94% daily decline, indicating short-term pressure as traders reassess market sentiment following a brief rally.
HBAR Chart | Source:x
According to analyst CryptoPulse, the $0.16 zone has been a reliable support area throughout the year, consistently attracting buyer interest. The analyst noted that the sharp downside wick seen earlier this month was quickly retraced, suggesting that buyers are defending this region. This base-building pattern is viewed as a stabilizing phase before any potential upward continuation, with traders monitoring whether the market maintains this threshold into November.
Analysts Track the altcoin’s Consolidation Zone Ahead of November
The broader market setup suggests that Hedera may be entering an accumulation stage, consolidating above the established range between $0.16 and $0.20. The analyst’s chart indicates that this horizontal area could form a platform for future rallies if selling pressure continues to fade. Historical data shows similar consolidation phases preceding upward movements once demand strengthens.
CryptoPulse mentioned that sustained closes above the midrange support could attract renewed market momentum. Should the pattern continue, the asset may attempt to revisit resistance zones between $0.30 and $0.35 in the longer term. However, traders remain cautious, as holding above $0.16 remains essential for maintaining the bullish technical structure seen on higher timeframes.
Post-ETF Pattern Signals Temporary Exhaustion
Analyst MASTERBTCLTC presented a contrasting outlook, suggesting that HBAR’s price movement may be exhibiting a post-ETF pattern — characterized by an initial rally followed by a loss of momentum. The chart shared by the analyst shows that the token surged toward the $0.20 level before facing rejection near resistance. The move resembles a short-term speculative rally rather than a sustained accumulation trend.
HBAR Chart | Source:x
According to the analysis, the altcoin now faces key support levels around $0.178 and $0.165, which will likely determine the token’s near-term direction. A break below these zones could extend the correction toward the $0.12–$0.13 region, aligning with a descending trendline structure on the monthly timeframe. Until stronger volume appears near current support, traders expect further consolidation or a retest of previous lows.
Market Activity and Near-Term Price Levels
Market data shows the capitalization remains near $8.28 billion, keeping it within the top 30 cryptocurrencies by market value. Trading volume has eased to approximately $635 million, reflecting reduced speculative activity after the earlier spike. The price structure continues to trade between $0.185 and $0.205, a narrow range that defines the current consolidation phase.
HBARUSD Chart | Source: BraveNewCoin
If Hedera Coin manages to reclaim the $0.20 resistance zone, a short-term push toward $0.205 could emerge. Conversely, a breakdown below $0.185 may expose the asset to additional selling pressure toward the lower supports identified by analysts. For now, its market performance reflects a steady attempt to stabilize after a volatile month, with price action consolidating above the key $0.16 foundation that has served as a technical anchor throughout the year.