Hedera Faces Critical Support Test as Bullish Weekly Signals Emerge

Hedera (HBAR) has pulled back nearly 23% from its late-September peak near $0.131, settling around $0.101 as traders gauge the strength of support at $0.10. The daily Ichimoku conversion line currently sits at $0.11166, while the weekly Supertrend support is much lower at $0.06943. The Awesome Oscillator has turned positive, suggesting a potential bullish shift.

TradingView’s daily chart shows HBAR trading at $0.10120, down 2.7% in the latest session. Key resistance levels are identified around $0.107, $0.114, with liquidation concentrations noted by CoinGlass. The daily Ichimoku chart highlights the conversion line at $0.11166 and the base line at $0.10146, both acting as hurdles for a potential rebound.

The weekly chart paints a slightly more optimistic picture, with the Supertrend support line at $0.06943 and the Awesome Oscillator showing positive momentum. Analyst Giannis Andreou points to $0.085, $0.10 as a critical support zone, emphasizing that holding this range could pave the way for a recovery toward $0.12, $0.15. IBM’s recent developments, including the validation of its Hedera-based IDTrust platform, add a layer of context to HBAR’s technical outlook.

For October, the key levels to watch are $0.10 for support and $0.11166 for resistance. A sustained break above $0.11166 could signal a stronger recovery, while a failure to hold $0.10 might lead to further declines toward $0.094, $0.095.