Hedera Price Slides 23% From September Peak — Can HBAR Reclaim $0.12 in October?

Hedera price has become one of the more closely watched charts in the broader cryptocurrency market this week, after HBAR tumbled roughly 23% from its late-September peak near $0.131 to trade close to $0.101. The sharp reversal has left traders split over whether the token can stabilize above the psychologically important $0.10 level and mount a fresh push toward $0.12 before October closes out.

The pullback follows a brisk late-September rally that briefly carried Hedera to its highest level in weeks, only for momentum to fade just as quickly. On Binance’s HBAR/USDT daily chart, the token has recently traded between roughly $0.10019 and $0.10489, hovering just above the round-number support that many traders see as the line in the sand for this correction. A slip below that zone would likely reopen a path toward lower liquidation clusters that market-data trackers such as CoinGlass have flagged in the sub-$0.10 range.

Hedera Price Faces a Wall of Resistance Overhead

Chart watchers point to a cluster of technical hurdles standing between HBAR and a meaningful October rebound. The daily Ichimoku conversion line currently sits at $0.11166, well above the token’s latest price, while the base line is marked at $0.10146 — a level HBAR has recently struggled to hold. That leaves Hedera sandwiched below two separate resistance markers, with the larger gap to the conversion line underscoring how much ground buyers would need to recover just to flip short-term momentum back in their favor.

Adding a sliver of encouragement, the forward-looking Ichimoku cloud has turned green, spanning roughly $0.09762 to $0.10656. That shift suggests underlying conditions aren’t uniformly bearish, even as the token trades beneath its immediate daily indicators. Meanwhile, the Aroon indicator shows Aroon Up readings easing to 50% from a stronger late-September posture, while Aroon Down remains pinned at zero — a mixed signal that reflects fading upward momentum without yet confirming a fresh downtrend.

Weekly Charts Tell a More Optimistic Story

Zooming out, the picture for Hedera price brightens somewhat. On the weekly chart, HBAR sits near $0.10126, comfortably above the Supertrend support line at $0.06943 — a gap of roughly 31%. That Supertrend indicator has flipped green following the recent bounce, and the weekly Awesome Oscillator has moved into positive territory for the first time after an extended stretch of negative readings, hinting at firmer underlying momentum than the daily chart’s sharp pullback might suggest on its own.

Still, a formidable ceiling looms further out. Weekly charts show horizontal resistance marked at $0.14051, a zone that has repeatedly acted as a turning point in past market cycles. Reaching it from current levels would require HBAR to climb nearly 39%, a tall order given the token has yet to reclaim even its late-September high of $0.131.

What Traders Are Watching Next

For the bullish case to play out this month, analysts suggest Hedera price would first need to clear $0.11166 on the daily chart, opening the door to a test of $0.12 and eventually the recent $0.131 peak. Only a sustained break above $0.131 would put the much larger $0.14051 weekly resistance meaningfully in play.

Independent analyst Giannis Andreou, writing on X on October 5, flagged $0.12 to $0.15 as Hedera’s next major weekly resistance zone, while suggesting a recovery scenario hinges on support holding somewhere between $0.085 and $0.10. That view echoes the broader technical consensus: Hedera’s near-term fate rests on whether $0.10 holds as a floor, even as longer-term weekly indicators retain a cautiously bullish tilt.

The divergence between daily weakness and weekly resilience is a familiar pattern in cryptocurrency markets, where a token can post a bullish longer-term signal while still absorbing a sharp short-term correction — particularly when support lines on higher timeframes sit far beneath current trading levels. For now, Hedera price remains in a holding pattern, with $0.10 as the line separating consolidation from a deeper retreat, and $0.12 standing as the next meaningful target should buyers regain control before October ends.

Explore more on this topic with Vexel Search.