HBAR Holds Strong Support Zone Poised for Bullish Move Toward $0.39 Resistance

Key Insights:

• HBAR is holding above key support, with potential gains targeting $0.39 resistance in the coming weeks.
• Despite a price decline, Hedera’s blockchain ranks #1 in developer activity, fueling long-term growth.
• TVL drops sharply from $250M to $55.53M, signaling slowed investor interest amid market challenges.

Hedera (HBAR) is currently testing a crucial support zone on its 3-day chart. Currently, Hedera’s price stands at $0.0813, reflecting a decrease of nearly 9% in the last 24 hours. The price decline comes amid broader market challenges. Despite the drop, the cryptocurrency continues to hold above the key support zone, which could serve as a launchpad for future gains.

Descending Channel Formation and Price Action

On the 3-day timeframe, Hedera has formed a descending channel. This pattern typically suggests that the asset is in a period of consolidation. HBAR is attempting to rebound from the lower boundary of the channel. This move could serve as the foundation for a potential upward trend.

“HBAR is showing potential to reverse from the lower border of the descending channel formation,” said Jonathan Carter, a cryptocurrency analyst. The support zone has become an important area for any future upward movement.

If the cryptocurrency manages to hold above the support, it could test resistance levels at $0.11, $0.14, $0.18, $0.23, $0.30, and $0.39 in the coming weeks. However, a drop below $0.06 could invalidate the bullish outlook and lead to further declines.

Hedera’s Developer Activity and Market Sentiment

Despite the recent downturn in Hedera’s DeFi ecosystem, the project continues to see strong developer activity. Hedera ranked #1 in real-world asset (RWA) blockchain development activity, according to Santiment. The project scored 278.17 in developer momentum, marking an impressive achievement for Hedera in the blockchain space.

The project shows a sign of strong developer interest and ongoing progress in Hedera’s ecosystem. This reflects the sustained interest in Hedera’s ecosystem, especially in tokenization and on-chain finance.

As of February 2026, Hedera’s total value locked (TVL) in this DeFi ecosystem is down to $55.53 million. This is a sharp drop from over $250 million in mid-2025.

After a strong surge early in the year, TVL steadily declined. The drop signals fading investor interest and reduced activity. Concerns are rising about the project’s ability to sustain itself amid the broader market downturn.