HBAR is currently experiencing significant volatility and is at risk of a major price drop. The altcoin is trading at $0.234, just above its key monthly support level of $0.230, and is being challenged by a strong bearish trend.
Technical indicators are signaling a negative outlook for HBAR. The Relative Strength Index (RSI) has fallen below the neutral 50.0 level, a sign that selling pressure is gaining momentum. Additionally, the Squeeze Momentum Indicator (SMI) shows increasing bearish momentum, suggesting that a potential price decline could be sharp once the current market “squeeze” is released.
If HBAR fails to hold the $0.230 support level, it could trigger further losses, with the next potential support around $0.210. This would be the third time the altcoin has tested this level, but this time, the technical signals suggest a higher probability of a breakdown.
However, there is a chance for a reversal. If HBAR manages to bounce off the $0.230 support, as it has done previously, it could recover toward the $0.244 resistance level. Flipping this resistance into support could invalidate the bearish scenario and pave the way for a rally toward $0.271, signaling a shift in momentum.
August 2025, Cryptoniteuae
