HBAR trades at $0.07899 as it tests key support level, daily volume hits $79 million

Hedera’s native token HBAR continues to show weakness, with recent technical indicators suggesting its price is approaching a critical threshold. Although the market-wide pressure persists, attention remains focused on a significant support zone that has previously seen renewed buying interest from investors.

Support zone comes into focus amid continued selling pressure

At the time of reporting, HBAR was trading at $0.07899. The token registered a 24-hour trading volume of $79.06 million and a market capitalization of approximately $3.45 billion. Declining by 1.08% over the past 24 hours, HBAR maintains its overall sideways and subdued trend seen in recent sessions.

Looking at a broader time frame, HBAR lost 4.72% over the past week and 10.50% in the last month. This performance points to an ongoing search for direction, marked by an ongoing tug-of-war between buyers and sellers for market control.

On June 22, 2026, crypto analyst Token Talk stated that HBAR was testing a key support zone that historically attracted strong buyer demand. According to Token Talk, the price chart is displaying a falling wedge pattern, which many market participants view as a potential sign of an imminent recovery.

Indicators signal a slowdown in selling momentum

Technical data shows HBAR is trading near the lower boundary of its Bollinger Bands. The lower band is set at $0.07661, while the middle band stands at $0.08040. Price action near the lower band suggests a potential reduction in selling momentum.

For positive price momentum to gain traction, HBAR would likely need to climb above the $0.08420 resistance. Failure to defend the current support region, however, could reintroduce downside risks for the token.

The MACD indicator has also signaled early signs of stabilization. With the histogram moving into positive territory at 0.00018, the MACD line was reported at minus 0.00215, and the signal line at minus 0.00233. While this is not yet confirmation of a clear trend reversal, it indicates that downward pressure may be easing in the short term.

All eyes on HBAR’s next price reaction

As a platform focused on distributed ledger technology, Hedera uses HBAR as its native token. With the price nearing a crucial support level, market watchers are closely monitoring whether buyers will defend this zone in the period ahead.

For now, technical signals suggest HBAR is attempting to establish a base for a potential bounce. However, for this scenario to strengthen, buying momentum must continue and the price should remain above nearby resistance areas.

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