Hedera has aimed for a modest recovery in the latest sessions, but HBAR remains below a significant technical resistance level. The altcoin continues to trade below the 23.6% Fibonacci retracement level, which limits bullish sentiment.

Although Hedera is preparing structural changes for 2026, investors are watching whether these developments can genuinely impact the price movement of HBAR.

Hedera is raising its service fee

Hedera announced in July that it will raise the ConsensusSubmitMessage transaction fee by 800% starting January 2026. The fee will increase from $0.0001 to $0.0008. With ConsensusSubmitMessage transactions, users can send information to the Hedera network for reliable scheduling and ordering.

Although the percentage increase is large, the actual cost remains very small. Industry players have discussed the impacts of higher network fees, but the change is unlikely to significantly affect demand. The fee change primarily targets corporate use and does not substantially alter the cost structure for most applications or users.

Hedera investors are more bearish than bullish

Technical indicators suggest a cautious or bearish outlook among investors. The Chaikin Money Flow, or CMF, remains clearly below the zero level, indicating a continuous net outflow of capital from HBAR. This shows that investors are reducing their exposure and are not preparing for a price rebound.

The lack of strong upward signals at the macro level has reinforced this development. The willingness to take risks in altcoins is quiet, and HBAR has not attracted a steady stream of investments. In the current situation, the capital flow characteristic of bear markets appears to continue until 2026 unless the sentiment improves significantly on a broader scale.

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Derivative data further highlights the weak macro sentiment. The liquidation map shows that traders are bracing for downward risks. Short positions in HBAR currently amount to about $8.21 million, while long positions remain significantly lower, at about $4.5 million.

This imbalance indicates that bearish contracts dominate the market. Traders seem to be more inclined towards price declines than a continuous rebound. Such a biased positioning often increases price volatility, especially when liquidity is low or negative catalysts are present in the market.

The price of HBAR is currently $0.112, and it remains above the immediate support level of $0.109. However, the price is still below the 23.6% Fibonacci retracement level, which is about $0.115. This intersection acts as a strong resistance area and limits price increases.

Current technical and on-chain signals suggest that a possible rebound attempt may remain low. Consolidation above $0.109 seems more likely than a clear breakout for HBAR. The price movement tied to the area indicates weak demand and little speculative interest under current conditions.

A change in the broader cryptocurrency market could alter this outlook. If there is a clear shift to a bull market at the macro level, HBAR could benefit from renewed risk appetite. If the 23.6% Fibonacci level turns into support, a strengthening of the rebound movement would open the path towards $0.120.