HBAR Struggles Below 20-Day SMA Amid AI Integration Push
Hedera (HBAR) is drawing renewed market attention as it maintains its long-term trendline structure. Short-term indicators point to continued weakness, but traders are evaluating if the token can regain its recent strength and resume a broader upward move.
According to technical analyst Moutace, HBAR has consistently respected the same long-term trendline since 2020, with each major touch marking a key support point. This trendline remains intact, reinforcing the overall pattern for Hedera even as the token experiences short-term setbacks.
Data from TradingView shows that HBAR rebounded from its August low near $0.065, climbing above $0.085 during a late-summer rally. However, selling pressure soon returned, pushing the token to lower levels and below a key moving-average line.