Hedera (HBAR) is attempting a recovery after a period of extended price weakness. A recent rebound in price, accompanied by a sharp increase in open interest, suggests renewed speculative participation.
While short-term technical indicators remain mixed, early signs of accumulation and fundamental strength within the Hedera network offer cautious optimism for a potential retest of higher resistance levels, particularly the $0.20 zone.
Hedera Price and Open Interest Rebound as HBAR Recovers
On the 1-hour chart for HBAR/USDT, recent activity reflects heightened volatility. Between May 29 and May 31, HBAR declined from above $0.19 to a local low of approximately $0.16, driven by sustained selling pressure. A brief consolidation followed between June 1 and June 2, where price action stabilized between $0.165 and $0.172 before another drop below $0.16 on June 5.
Source: Open Interest
A notable recovery emerged on June 6, with HBAR rebounding toward $0.165. This price action coincided with a sharp spike in Aggregated Open Interest (OI), jumping from roughly 2.8 million to over 3.7 million. This movement implies increased market participation—likely a mix of speculative long positions and short-covering. The synchronized rise in price and OI signals momentum entering the market, a pattern often seen during trend shifts or short squeezes.
For now, the price remains below immediate resistance at $0.172. A sustained break above this level, combined with continued increases in open interest and volume, would support a short-term bullish case. However, failure to maintain support above $0.16 could result in renewed selling pressure, particularly if leveraged positions begin to unwind.
Hedera Price Prediction: Intraday Metrics Reflect Mixed Sentiment
Additionally, over the past 24 hours, Hedera price prediction has experienced a modest 2.55% correction, trading around the $0.16 level. During the session, the price ranged between $0.155 and $0.165, with a brief intraday recovery that ultimately failed to reclaim previous highs. This pattern signals ongoing market hesitation and reflects a cautious sentiment among traders.
Source: Brave New Coin
Volume analysis supports this view, with $151.81 million in trading activity logged during the same 24-hour period. The largest surge in volume occurred during the sharp midday drop, pointing to stop-loss triggers or short-term profit-taking. However, the return of steady volume toward the session’s end, alongside a partial price recovery, suggests that buyers are defending the lower range, though without enough conviction to reverse the trend fully.
Fundamentally, Hedera price prediction remains one of the more enterprise-focused Layer 1 blockchain platforms, with a governance model led by a global council of trusted corporations. The Hedera Consensus Service (HCS) and its efficiency in event logging and transaction ordering continue to attract institutional interest.
As a result, the recent price correction appears to be more technically driven than fundamentally flawed, giving long-term investors a reason to monitor the current range for signs of stabilization.
Weekly Chart Shows Structural Weakness Below $0.20
On the other hand, the weekly chart for HBAR/USDT reveals a sustained bearish structure that has remained in place since February 2025. After failing to break above the upper Bollinger Band earlier in the year, the price began to trend downward consistently, closing below the Bollinger Band basis line, currently at approximately $0.20. As of June 6, HBAR trades near $0.16486—well below this midline, indicating continued bearish pressure.
Source: TradingView
The MACD (Moving Average Convergence Divergence) indicator reinforces this view. The MACD line remains below the signal line, with both trending downward. The histogram remains negative, and there is no evidence yet of a bullish crossover. This configuration reflects persistent negative momentum, suggesting the market has not initiated any strong recovery phase.
Additionally, the recent weekly candlesticks exhibit short bodies and low volatility, signaling indecision and a lack of bullish momentum. These types of candles often precede a larger price move. However, with current indicators skewing bearish, the next leg could test support levels near $0.15 or even $0.12. A move above the $0.20 level is necessary for any meaningful change in sentiment and to begin building a more constructive technical outlook.
Hedera Price Prediction Points to Key Resistance at $0.20
In the short term, HBAR’s price action reflects a market in flux. The sharp increase in open interest and the rebound off recent lows suggest that speculative participants are re-engaging, potentially preparing for a move higher. However, the failure to reclaim resistance around $0.172 keeps the broader trend neutral at best.
From a medium-to-long-term perspective, the $0.20 level remains a critical threshold. Until Hedera price prediction reclaim and hold above this zone, the weekly trend remains vulnerable to further downside. Traders should watch closely for confirmation via volume expansion, OI growth, and structural breakouts to validate a potential bullish trend reversal. Without these confirmations, HBAR could remain range-bound or revisit deeper support levels in the coming weeks.
