HBAR Price Recovers to $0.23 Despite Recent 4% Slump - SWIFT Partnership Could Drive Breakout

HBAR Price Recovers to $0.23 Despite Recent 4% Slump - SWIFT Partnership Could Drive Breakout - Blockchain.News

Quick Take

• HBAR currently trading at $0.23 (+0.24% in 24h) • Hedera's RSI sits neutral at 47.80 with bullish MACD histogram emerging • SWIFT partnership news provides fundamental support despite recent technical breakdown

What's Driving Hedera Price Today?

Despite positive developments over the past week, HBAR price action tells a complex story. The most recent catalyst came from September 4th when Hedera experienced a 4% decline from $0.22 to $0.21, triggered by technical breakdown patterns and broader market weakness. This selling pressure overshadowed earlier positive news, demonstrating how technical factors can dominate short-term price movements.

However, two significant developments are providing underlying support for HBAR price recovery. On September 3rd, Hedera announced major 2025 milestones including network updates and HBAR's debut on Robinhood, which significantly enhances accessibility for retail investors. More importantly, the September 2nd announcement of Hedera's collaboration with SWIFT in $150 trillion cross-border payment testing represents a massive institutional validation that could drive real adoption.

The market's muted response to these fundamentally positive developments suggests traders are waiting for technical confirmation before establishing new long positions. This creates an interesting setup where strong fundamentals are battling near-term technical weakness.

HBAR Technical Analysis: Mixed Signals Point to Consolidation

Based on Binance spot market data, Hedera technical analysis reveals a market in transition. The most telling indicator is HBAR's RSI at 47.80, sitting squarely in neutral territory and suggesting neither overbought nor oversold conditions. This positioning often precedes significant directional moves once momentum builds.

Hedera's moving average structure shows mixed signals. While HBAR trades above the critical 200-day SMA at $0.20, providing long-term bullish context, the price remains below shorter-term averages. Hedera's 50-day SMA at $0.24 acts as immediate resistance, while the 7-day and 20-day SMAs at $0.22 and $0.23 respectively bracket current price action.

The most encouraging development in this Hedera technical analysis comes from the MACD histogram, which shows a slight positive reading of 0.0003. This suggests bullish momentum is beginning to build beneath the surface, even as the main MACD line remains negative at -0.0062.

Hedera's Bollinger Bands paint a picture of reduced volatility, with HBAR trading near the middle band at $0.23. The %B position of 0.4512 indicates room for upward movement before reaching overbought levels.

Hedera Price Levels: Key Support and Resistance

Critical Hedera support levels begin at $0.21, which served as a floor during the recent selloff and represents both immediate and strong support according to technical analysis. A break below this level could expose HBAR to further downside toward the Bollinger Band lower boundary at $0.20, which coincides with the 200-day moving average.

On the upside, HBAR resistance appears at $0.26, matching the Bollinger Band upper boundary. This level represents the first major hurdle for any sustained recovery. The ultimate target remains Hedera's strong resistance at $0.30, which would represent a significant breakout if achieved.

The current trading range between $0.21 and $0.26 provides a clear framework for HBAR/USDT traders. The daily ATR of $0.01 suggests typical price movements of about 4-5%, making these levels particularly relevant for risk management.

Should You Buy HBAR Now? Risk-Reward Analysis

For conservative traders, the current setup offers limited appeal until HBAR price demonstrates a clear break above $0.26 resistance. The neutral RSI provides flexibility, but the mixed technical signals suggest waiting for confirmation.

Aggressive traders might consider the current level attractive given the SWIFT partnership's long-term implications and the bullish MACD histogram. However, strict risk management becomes crucial with stops below $0.21 to limit downside exposure.

Swing traders should monitor the Hedera support levels closely. A successful defense of $0.21 combined with increasing volume could signal the start of a relief rally toward $0.26. The Robinhood listing provides additional fundamental support that could attract new retail interest.

The risk-reward equation favors patience in the near term. While the SWIFT collaboration offers tremendous long-term potential, HBAR price needs to establish technical momentum to capitalize on these fundamentals.

Conclusion

HBAR price sits at a critical juncture where strong fundamental developments meet mixed technical signals. The recovery to $0.23 following last week's decline shows resilience, but traders should watch for a definitive break above $0.26 to confirm the next leg higher. In the next 24-48 hours, focus on volume patterns and whether Hedera can maintain support above $0.21 while building momentum toward resistance levels.

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