Overview

• Hedera dropped 21.7% intraday from $0.215 to $0.1685, touching its 100-week moving average for the first time since November 2024 as trading volume swelled to about $796 million.
• Price action has steadied near $0.17, with analysts flagging $0.19 as immediate resistance and saying a quick reclaim of $0.21 would be needed to set up a push toward the $0.23 area.
• Traders are focused on the 100-week moving average around $0.145 as the key support; a sustained hold would preserve the longer-term bullish structure, while a close below it raises the risk of a drop toward $0.10–$0.12.
• Market observers cite signs of seller exhaustion around $0.17 and describe a potential liquidity pocket where longer-term buyers could reaccumulate, with some analysts publicly reiterating their conviction.
• Brave New Coin data places Hedera’s market value near $7.1 billion with a top‑30 ranking, underscoring its relevance as broader crypto volatility and liquidations pressured prices.