The Hedera [$HBAR] token price has slipped below a local low at $0.065 and continued its bearish descent. Throughout 2026, the token has only seen a bearish side to its price action.
Bounces, such as the 34.2% move toward the end of May, were quickly sold off. It appeared likely that the price would plunge another 35% in the coming weeks.
In other news, Hedera highlighted the Web3 platform Kabila built for content creators, natively on Hedera. This will help target a problem in Web3, which is creators generating value while platforms control monetization.
The long-term $HBAR price woes
Interestingly, the Hedera token had rallied from $0.0417 to $0.4015 in November 2024 to January 2025. It has been retracing the move since then and has fallen below the 78.6% retracement level of this bullish move.
This meant that, despite the persistent 18 months of bearish price action, the $HBAR long-term bias was bullish.
That would be little solace to underwater investors and swing traders, though. As things stand, they can maintain a bearish bias for the coming weeks.
The price has slipped below the July low at $0.0653. The Stochastic RSI was in the bearish depths even on the daily timeframe, and the RSI was well below neutral 50. The RSI has been below neutral 50 for the majority of 2026, highlighting persistent downward momentum.
The OBV was also in a slow decline, showing sellers have the upper hand.
Seller dominance is evident on the price charts, too. As the daily timeframe highlighted, the $0.118 level, the 78.6% Fibonacci retracement on the HTF, was ceded very early in the year.
Hence, a 35% move down to the $0.0417 area can be anticipated.
Traders’ call to action- Sell
The $HBAR price has slipped below July’s low, and further drawdown is likely, the technical indicators showed.
The 1-month liquidation map showed that the cluster of long liquidations around $0.065 has been hunted down for the most part. This can set up a potential price bounce toward a magnetic zone to the north.
In this case, the $0.070-$0.073 area would be a target in case of a bounce.
Yet, from a $HBAR price action perspective, the $0.0665-$0.0685 area represented a challenging supply zone. A bounce to either of these two regions would represent a selling opportunity.
Final Summary
- The $HBAR price action has been bearish throughout 2026.
- The recent drop below the July swing low meant that a 35% slide can be expected in the coming weeks and months.