Hedera Hashgraph (HBAR) Price Stalls Amid Bearish Trends | Airdrop Alert Pro

Hedera Hashgraph (HBAR) has struggled to maintain strong momentum, with its price action reflecting a bearish neutral trend over the past month. Despite its potential, HBAR faces difficulty rebounding as market enthusiasm wanes.

Even long-time HBAR backers appear to be getting cold feet as market conditions weigh on investor sentiment.

HBAR traders disappointed

HBAR’s open interest fell by $95 million in just six days, highlighting a significant drop in trader activity. The sharp decrease reflects traders pulling funds out of the asset, dampening liquidity and trading volumes. A lengthy period of consolidation is eroding confidence and reinforcing bearish sentiment across the HBAR market.

The continued lack of price volatility caused traders to reduce their risk exposure as short-term earnings expectations fell. This shift in sentiment adds to bearish pressure, making it increasingly challenging HBAR Construction The momentum needed for recovery. The asset remains trapped in a cycle of uncertainty.

Technical indicators paint a worrying picture HBAR’s Macro Dynamics. The Moving Average Convergence Divergence (MACD) indicator shows bearish momentum building after a brief pause, indicating increasing selling pressure. This shift suggests that the downtrend may be accelerating, further limiting HBAR’s ability to break out of its current range.

The bearish divergence is concerning because it was expected to ease, but instead it accelerated. This new momentum suggests that HBAR’s price may remain under pressure unless a significant bullish catalyst emerges. If the macro trend does not reverse, altcoins may face more headwinds in the coming months.

HBAR Price Forecast: Arrange for a Breakout

HBAR has It has been consolidating between $0.39 and $0.25 for more than a month, struggling to break out of this tight range. The current price is $0.27, which is still 109% away from the all-time high of $0.57. To reach $0.57 and potentially hit a new ATH, HBAR will need sustained bullish momentum similar to November’s 637% rally.

While a rally of this magnitude is unlikely in January 2025, even modest momentum could push HBAR higher. However, failure to break $0.39 could extend the consolidation or lead to a drop below $0.25. In this case, HBAR could drop to $0.18.

Therefore, a breakout of the $0.25 to $0.39 consolidation range will be crucial to start the uptrend and restore market confidence. HBAR implementation Similar performance to November and issuing a new ATH will depend on favorable market conditions and new investor interest, both of which currently remain uncertain.