Hedera (HBAR) is testing a crucial support/resistance flip zone between $0.094 and $0.096 on the 12-hour chart on Tuesday, February 24.
According to the crypto analyst Crypto Pulse, this area has historically acted as a key pivot, and holding it as support could set the stage for a rebound, attracting traders aiming for the next potential move toward $0.10–$0.105.
Source: Crypto Pulse X Post
A break below $0.093 would invalidate the flip, opening the door to further downside pressure. Such a move could prompt sellers to step in, testing lower support levels and reshaping the short-term market structure.
Investors should watch volume and broader sentiment carefully, as these S/R flips often signal early shifts in momentum and possible trend reversals.
Also Read: Hedera (HBAR) Jumps 7.56% as Inverse H&S Breakout Targets $0.12
HBAR Technical Outlook Points to Consolidation Phase
According to TradingView, as of Tuesday, February 24, the chart indicates a period of price consolidation, as prices fluctuate within key support levels.
The Ichimoku Cloud indicates the areas of support and resistance, and the red cloud represents the resistance. The price has dipped below the key support levels, indicating the possibility of bearish momentum.
Source: TradingView
In addition, there are exponential moving averages with different periods: 20, 50, 100, and 200. These indicators help to analyze short-term and long-term trends.
The current price of HBAR is 0.09511, which is slightly up from the lowest point. The crossing of the red and green lines, along with the price below these lines, indicates bearish momentum.
Momentum Indicators Point to Improving Condition
Currently, the RSI is at 39.99 and is in a neutral to bearish zone. The RSI is still above the 30 level and therefore indicates that the market is not in an oversold zone.
The RSI is also below the signal line, and this could indicate more room for the prices to go down if they continue to drop, indicating possible bearish sentiment in the market.
Source: TradingView
The MACD line is below the signal line, and the histogram is mostly red, which again confirms a bearish trend for the asset. The MACD value of -0.00029 also indicates a bearish trend for the asset.
If the divergence between the MACD and signal line continues, the downtrend of the asset might continue, as selling pressure may continue for the asset.
Also Read: Hedera (HBAR) Tests Descending Channel Resistance: Is a Rally to $0.255 Next?