Hedera Hashgraph after gaining exponentially (~13 x) in the first quarter of 2021, has been caught up by the bears. Since then, bulls have not been able to take out their All-Time High of $0.36 (March 15, 2021).

With the bears tightening their control over the markets, promulgated by the backdrop of Bitcoin , it resulted in a tectonic shift in the sentiments of the crypto markets, thereby, the altcoins too plunged massively with the giants of the crypto markets.

HBAR is currently trading at $0.17, ~60% down from its All-Time High. It has been trading in a Descending channel formation, the extreme limits of the band currently present at $0.096 and $0.24 respectively. Currently, it has been hovering around its middle band which is currently present at $0.164.

The immediate support to the lower side is present at $0.165 followed by $0.14 while HBAR may face resistance at the levels of $0.21 followed by $0.25 if it decides to trend higher.