- Investors pulled $17 million from HBAR in the last week, signaling weak demand.
- Market sentiment remains bearish, with traders hesitant to re-enter.
- HBAR has lost 48% since hitting $0.40 in January and remains under pressure.
- If the downtrend continues, HBAR could drop to $0.17, unless buying picks up.
Hedera (HBAR) is struggling to find support as investors continue to pull funds out of the market. Over the past week, $17 million has exited HBAR’s spot markets, with only a single recorded inflow of $1.78 million on January 19, according to data from Coinglass.
MASSIVE BUY SIGNAL ON $HBAR RIGHT NOW! 👇 pic.twitter.com/WuDt2tmKL6
— Coinvo (@ByCoinvo) February 20, 2025
Outflows of this scale often indicate rising selling pressure and a lack of confidence among traders. Many are choosing to liquidate their positions rather than accumulate more of the asset, leading to further price weakness. If this trend continues, HBAR could face even more downside in the coming days.
Adding to the bearish outlook, HBAR’s weighted sentiment remains negative, according to Santiment data. This metric measures discussions about the asset across social media and online platforms, and the negative readings all week suggest that traders remain pessimistic. The current sentiment score sits at -0.61, reflecting a dominant bearish tone in market conversations.
Can HBAR Hold Above $0.20?
Since reaching a four-year high of $0.40 on January 17, HBAR has been in a clear downtrend, losing 48% of its value.
😱HOLY SH!T‼️ it’s TRUE🔥🔥
The Federal Reserve is looking into using $XRP for its digital transformation strategy and $hbar #XRPArmy #CRYPTO pic.twitter.com/qRpsl8aEzg
— Dr. Jim Willie (@dr_JimWillieSty) February 20, 2025
The token has struggled to break out of this pattern, remaining below a descending trend line that continues to dictate price movements.
At the time of writing, HBAR is trading at $0.21, just above a critical support zone at $0.20. If this level fails to hold, the next major support is around $0.17. Given the continued selling pressure, a drop to this level is becoming increasingly likely unless demand suddenly picks up.
On the other hand, if buyers step in and push the price above the descending trend line, it could trigger a recovery toward $0.26. However, this scenario would require a significant shift in sentiment, which has yet to materialize.
For now, HBAR remains in a vulnerable position, and traders will be closely watching the $0.20 level to see if it holds—or if further downside is on the horizon.
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