Hedera’s HBAR Token Declines 12% Monthly and 10% Weekly
Hedera Hashgraph’s token, HBAR, has dropped 12% over the past month and 10% in the last week. This trend indicates weakening investor confidence.
Retail and Institutional Sentiment Weakens for Hedera
- HBAR's social dominance decreased by 55% in the past month, now at 0.74%
- Declining retail interest may affect trading volumes and recovery
- Smart Money Index (SMI) fell to 1.108, indicating reduced institutional activity
Technical Levels Define Bull and Bear Scenarios
- Critical support level at $0.1885; a drop below could signal further declines
- Resistance at $0.2212; a breakout above may lead to a rise toward $0.2636
- Current trading volumes are low, reflecting weak market participation
What Could Trigger an HBAR Recovery?
- Potential catalysts include broader crypto rallies and increased ecosystem adoption
- Whale accumulation trends suggest large investors see long-term potential
Traders should monitor the $0.1885 support and $0.2212 resistance levels closely for signs of future movement.