HBAR trades at $0.08275, downside risk remains as triangle pattern compresses price

Hedera (HBAR), the native token of the Hedera Hashgraph network, is testing key support levels after a period of downward momentum. Recent price action highlights the ongoing battle between buyers and sellers, as HBAR trades near the lower end of its established range. On the monthly chart, HBAR continues to form a long-term triangle pattern. This shape compresses the token’s price between historical support levels from 2020 and decreasing resistance set during the 2021 highs. Analysts observe that such setups often precede a major price move, but confirmation is still pending.

Source: CoinTurk News