Hedera (HBAR) is trading near a long-term decision area after losing most of its value from the 2024 peak. At press time, the token changed hands around $0.0659, holding above a historical demand zone between $0.0435 and $0.057 identified on a weekly chart shared by analyst CryptoPatel. HBAR is the native asset of Hedera, an enterprise-oriented public network built on the hashgraph consensus algorithm rather than a traditional blockchain and governed by a council of global organizations; the token is used to pay transaction fees and helps secure the network.

The broader weekly structure, however, remains bearish. Lower highs and persistent selling pressure are still in place, and price has yet to clear its descending resistance. The drawdown has also unfolded against a backdrop of broad weakness across digital-asset markets in 2025, with many altcoins trading far below their late-2024 highs. On the derivatives side, OI-weighted funding sits near 0.0044%, showing a mild long bias while HBAR trades near multi-month lows.

Historic Demand Zone Returns to Focus

The weekly HBAR/USDT chart identifies a broad demand zone spanning approximately $0.0435 to $0.057, a region that has previously acted as a base during major market-cycle transitions.

HBAR currently trades above this area after falling roughly 84% from its December 2024 high near $0.40. The decline has returned prices toward levels where buyers previously entered aggressively.

The chart highlights $0.04352 as major long-term support, with a lower boundary near $0.03563 serving as the invalidation level for the bullish setup. A weekly close below $0.03563 would weaken the historical support thesis; until then, the wider demand region remains technically active.

Previous reactions from similar areas produced sizable expansions. The chart marks one historical advance near 1,823% and another around 816%.

Weekly Structure Still Favors Patience

HBAR has not yet broken its broader bearish market structure. The weekly chart shows a descending resistance line connecting the lower highs formed after the 2024 advance. Price remains beneath that trendline, keeping sellers in control of the larger timeframe, which means a support reaction alone would not confirm a sustained reversal.

CryptoPatel outlines a sequence of technical events that could strengthen the bullish case. It begins with a liquidity sweep around the demand zone. HBAR would then need to reclaim lost levels and establish a change of character, with a subsequent break of structure providing stronger confirmation that buyers control momentum.

This setup allows for another decline before a meaningful recovery develops. Price may find support between $0.0435 and $0.057 before making a wider reversal.

Long-Term Targets Depend on Trend Reversal

If HBAR breaks its downward trend, the weekly chart projects several potential targets: $0.10, $0.30, $0.50, $0.70, and $1.

The $0.10 area represents the first major psychological target. Reclaiming that level would also place Hedera's price further above the current long-term accumulation region. Higher targets become increasingly dependent on stronger market conditions and sustained weekly momentum. The $0.50 area sits just below Hedera's 2021 all-time high near $0.57, the ceiling of the token's previous major cycle. The $1 target represents the most aggressive scenario shown on the chart, a level CryptoPatel maps at approximately 1,602% of the lower base region. The projection broadly reflects the scale of expansions recorded during earlier HBAR cycles.

Still, the bullish roadmap depends on the demand zone holding. The descending weekly resistance also needs to break before higher targets gain stronger technical support.

HBAR Price and Derivatives Signal Caution

HBAR trades near $0.0659, up around 1.31% on the daily chart, with a market capitalization near $2.9 billion. Intraday action shows buyers recovering from an earlier decline, with price bouncing sharply from the session low before moving into the upper $0.06 range.

Immediate support sits near $0.060, followed by $0.057. Losing that level could expose the wider $0.0435 demand area. Resistance first appears around $0.070, followed by approximately $0.075 and $0.080, areas that previously attracted selling pressure during recent rebounds.

Derivatives data adds a mildly constructive signal. Coinglass shows HBAR's OI-weighted funding rate near 0.0044% on August 17. Funding is the periodic payment exchanged between long and short positions in perpetual futures markets, which makes the metric a widely tracked gauge of leveraged positioning. Positive funding indicates long traders are paying shorts, reflecting a modest bullish positioning bias. The reading remains below previous spikes near 0.01%, suggesting leverage is not yet unusually stretched. Still, positive funding during weak price action could increase liquidation pressure during another downside move.