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Hedera has been under constant pressure after failing to break out of a month-long downtrend. HBAR recorded continuous losses, which greatly affected the confidence of traders.
The prolonged decline has led to decreased participation and increased concern about the altcoin’s near-term recovery prospects.
Hadera’s future looks bleak
Futures market data highlighted the weak mood Among HBAR traders. Open interest dropped sharply from $140 million to $104 million in just four days. This decline indicates that traders are closing leveraged positions, reflecting fading confidence in a short-term price rebound.
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The rapid decline in open interest indicates that capital is moving away from Hedera derivatives. It appears that traders are unwilling to maintain exposure amid limited bullish signals. Low futures participation often suppresses volatility-driven recovery, making price stability more challenging.
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Technical indicators show that Hedera is approaching exhaustion to the side. The Relative Strength Index fell below the threshold of 30.0, That puts HBAR clearly In the oversold area. This situation reflects strong downward momentum driven by recent sharp price declines.
Overselling readings often precede slower selling, as losses discourage exits from the outside. Historically, such conditions can attract value-conscious buyers. Accumulation at lower levels may help stabilize price action, although confirmation depends on general market sentiment.
The price of HBAR drops even more
The price of HBAR is down 21% in the last nine days and is trading near $0.109 at the time of writing. The token fell below the $0.110 level in the last 24 hours. The failure to break out of the downward trend that continued throughout the month kept the price movement firmly lower.
It can cause continuous weakness HBAR verse The support level of $0.099. A move into this area will mark a new low in two months. Such a decline will increase investor losses and reinforce negative sentiment in the spot and futures markets.
A recovery scenario is still possible if lower prices attract accumulation. Claim $0.110 as support HBAR network can be enabled To recover towards $0.120. A sustained break above $0.125 will invalidate the bearish thesis and indicate a possible trend reversal.
