- Hedera partnered with McLaren Racing in a multi-year deal to power digital collectibles
- HBAR has flipped a key support level into resistance, keeping bearish structure intact
- Momentum indicators suggest consolidation, with $0.08–$0.10 viewed as a possible demand zone
Hedera Hashgraph just landed a high-profile partnership, teaming up with McLaren Racing in a multi-year deal announced on January 22. The agreement makes Hedera an Official Partner of both the McLaren Formula 1 Team and the Arrow McLaren IndyCar Team, linking enterprise-grade distributed ledger tech with elite motorsport engineering. On paper, the partnership is a strong brand win, built around shared ideas like precision, performance, and long-term innovation.
As part of the collaboration, Hedera will power digital collectibles and fan experiences, including free-to-claim assets designed for global audiences. It’s a clean example of Web3 showing up in the real world, offering scalable engagement without heavy friction. Millions of fans are now being introduced to Hedera’s network in a practical, consumer-facing way, which usually sounds bullish. Price action, though, is telling a more complicated story.
HBAR Faces Structural Pressure Despite Positive News
Even with the McLaren partnership boosting visibility, HBAR’s chart structure has weakened on higher timeframes. According to analyst Crypto Pulse, a key support zone has flipped into resistance, a technical shift that often signals a trend still under pressure. As long as price remains capped below that former support, the broader bearish structure stays intact.
Crypto Pulse suggests that continued rejection at this level could open the door to further downside, with potential targets around $0.08 and, in a more extreme scenario, even $0.05. That outlook reflects not just HBAR’s structure, but the wider mood across altcoins. Despite solid fundamental announcements, risk appetite remains cautious, and buyers haven’t shown much urgency.
Momentum Indicators Point to Ongoing Consolidation
TradingView data as of January 25 shows HBAR forming a series of lower highs and lower lows since early January, following a rejection near the $0.13 level. A sharp mid-month sell-off set the tone, and the recovery attempt that followed failed to flip the trend, leaving price biased to the downside.
Momentum indicators back that up. The MACD remains below the zero line, offering little evidence of bullish divergence, while the RSI has lifted from oversold conditions but still sits well below the 50 mark. That combination often points to consolidation within a downtrend rather than a clean reversal. Some analysts see the $0.08 to $0.10 range as a potential demand zone, though confirmation would require stronger buying activity.
For now, HBAR sits at an uncomfortable intersection. The fundamentals are improving, visibility is rising, but the chart hasn’t caught up yet. Until structure and momentum realign, price may continue to grind lower or move sideways, even as the long-term story quietly strengthens.
