Hedera (HBAR) is experiencing increased bearish momentum, trading at approximately $0.1589, reflecting a 5.5% decline over the past 24 hours.
📊 Market Overview
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Current Price: ~$0.1589
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24-Hour Range: $0.1572 – $0.1675
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Market Cap: ~$6.63 billion
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24-Hour Trading Volume: ~$175 million
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Year-to-Date High: $0.4010 (January 16, 2025)
📉 Technical Analysis
HBAR has recently formed a “death cross” on its daily chart, where the 50-day moving average crosses below the 200-day moving average, signaling potential for further declines.
The Relative Strength Index (RSI) stands at 41.95, indicating weak demand and sustained selling pressure.
Support levels to watch are at $0.156 and $0.153; a break below these could lead to a drop toward $0.124.
🏛️ Ecosystem & Institutional Developments
HBAR has seen over $10 million in spot net outflows in the past three days, reflecting waning investor confidence.
Despite the bearish trend, Hedera’s ecosystem continues to grow, with increasing adoption in real-world applications such as supply chain management and tokenization of assets.
