Home » Latest News » Hedera (HBAR) Struggles as Selling Pressure Mounts, Faces 18% Drop

Hedera (HBAR) Struggles as Selling Pressure Mounts, Faces 18% Drop

Hedera (HBAR) has faced significant sell-offs since January 17, when the cryptocurrency lost 20% in a month. Besides, the altcoin keeps trading below a declining trend line, which hints at a solid negative trend.

Hedera HBAR Price Drop Analysis
Source: https://www.disruptionbanking.com/2025/01/06/how-strong-will-hbar-be-in-2025/

Analysts warn the current price of $0.31 for HBAR might keep sliding further downwards. The Awesome Oscillator (AO) is a momentum indicator that has had red bars since January 21st. This suggests that sellers are in control and market sentiment remains negative.

A descending trendline forms when an asset consistently hits lower highs, showing a prolonged downtrend. Trading below this line indicates ongoing weakness in price action. If selling pressure persists, HBAR could see an 18% drop, bringing its value down to $0.26.

Additional selloffs could plunge the token further down, the next key support being at $0.22. However, this might quickly change if some sudden increase in buying pressure kicks in. An increase in demand could see HBAR rebound towards its multi-year high of $0.40.

For now, traders remain cautious as altcoin struggles to find support in a weakening market.

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