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BEARISH 📉 : Hedera’s (HBAR) Revenue Decline Hinders Price Recovery Efforts
Hedera (HBAR) is trading around $0.094, testing a key support level at $0.09, amidst subdued price momentum and declining network revenue.
- Market capitalization: $3.9 billion.
- 24-hour trading volume reflects modest activity.
- Price action remains corrective, with HBAR near October lows.
- The $0.088–$0.09 zone acts as support; resistance at $0.126-$0.177.
- Potential inverse head-and-shoulders pattern suggests breakout potential above $0.094–$0.096, but requires confirmation.
- Technical indicators like RSI are near oversold; MACD indicates downside bias.
- Ecosystem metrics show reduced activity and TVL in Hedera's DeFi has dropped significantly.
- Institutional interest in HBAR-linked products shows limited inflows.
- Analysts expect a range-bound outlook with downside risk toward low $0.08s unless resistance is broken.