Hedera (HBAR) has faced sustained bearish pressure in recent weeks.
The token is currently trading around $0.094, marking a modest recovery from recent lows but still below key psychological levels.
Investors are cautious as the broader crypto market sentiment remains negative.
Hedera’s declining network activity
One of the primary concerns for Hedera is the sharp decline in total value locked (TVL) on its network.
According to DeFiLlama data, TVL has dropped from over $140 million to just around $58.45 million in a matter of months.
This reflects a significant slowdown in on-chain economic activity.
At the same time, revenue generated by decentralised applications (dApps) on Hedera has also fallen dramatically.
Weekly dApp revenue is down nearly 70% from its mid-quarter highs.
Lower usage indicates reduced engagement from both developers and users.
The decline in ecosystem activity has raised concerns about the long-term utility of the network.
Investors often view TVL and dApp revenue as critical indicators of a blockchain’s health.
Hedera’s falling metrics suggest the network is losing momentum compared to its earlier growth phases.
HBAR technical analysis
HBAR’s price action has mirrored the network’s fundamental struggles.
The token continues to trade below a declining resistance trendline, signalling persistent bearish pressure.
Recent highs have failed to break above the $0.10 mark, which now acts as short-term resistance.
Momentum indicators also point to weakness, with technical signals such as MACD remaining negative.
The lack of strong buying pressure suggests that recovery may be slow without renewed interest from traders or institutions.
Support levels are being tested repeatedly, and any breach of critical zones could accelerate the decline.
Institutional inflows have remained largely flat, further limiting price strength.
ETF activity has shown minor inflows, but nothing sufficient to drive a meaningful reversal.
The combination of weak technicals and declining fundamentals has created a challenging environment for HBAR.
Hedera price forecast
The immediate support is near $0.085, which has held in recent trading sessions.
A deeper critical support lies around $0.072, which could act as a floor if selling pressure intensifies.
On the upside, $0.10 remains the first resistance, and a break above this could open the way toward $0.126–$0.177.
Momentum indicators suggest that a decisive move above resistance is required to reverse the current downtrend.
For now, HBAR is vulnerable to further downside pressure if network metrics and technical trends do not improve.
Beyond the chart, investors should monitor both fundamental metrics, like TVL and dApp revenue, and technical signals to gauge potential trend changes.
Until there is a clear break in the bearish structure, HBAR’s outlook remains cautious.
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