HBAR price is increasingly difficult as buying pressure drops 90% in over a month

TapChiBitcoin
HBAR-2,46%

Hedera faces significant risks as buying pressure sharply declines, despite the continuous weakening of HBAR prices. While the overall cryptocurrency market is striving for stability, Hedera has not experienced a similar recovery, especially when observed on technical charts.

Instead of taking advantage of the dip-buying opportunity, investors are choosing to stay on the sidelines. Currently, the likelihood of the price breaking below is no longer an unlikely scenario but is becoming the dominant trend.

Spot trading almost disappears, the downtrend persists

HBAR’s spot trading market is sending clear warning signals.

In the week ending 11/10, Hedera recorded outflows from the spot market totaling $26.7 million, reflecting strong buying pressure as coins are withdrawn from exchanges. However, by the week ending 12/15, this figure had dropped sharply to only $2.4 million – a decrease of about 90%, indicating a buy pressure decline of over a month.

90% người mua HBAR đã rời đi — Liệu việc phân tích giá giờ đây có phải là kịch bản cơ bản?Buyers of HBAR are leaving | Source: CoinglassThis is notable because the HBAR price is still moving within a downtrend channel, which is a negative pattern. When buying pressure weakens during a downtrend, sellers only need a small push to continue driving the price lower, making the market more vulnerable.

The Money Flow Index (MFI) further confirms this weakness. MFI measures the inflow/outflow of money into an asset based on price and volume. For HBAR, this indicator continuously makes new lows along with the price and has now entered the oversold zone. Instead of bouncing back, the MFI continues to plunge.

90% người mua HBAR đã rời đi — Liệu việc phân tích giá giờ đây có phải là kịch bản cơ bản?No buying activity observed as price declines | Source: TradingViewThis indicates that downward moves are not receiving buying support, reflecting extremely low investor confidence in the price.

The scenario of HBAR price continuing to decline becomes increasingly clear

With weak spot demand and declining capital flows, HBAR’s price action becomes the final decisive factor.

Currently, HBAR is trading near the lower boundary of the downtrend channel. The first key level to watch is $0.106. If the price closes below this level, the next target will be around $0.095 – about 12% lower than the current level. If the price continues to fall to this point, the downtrend will be confirmed, and even the $0.078 zone could be tested.

This move would confirm the continuation of the downtrend, not just a short-term correction.

90% người mua HBAR đã rời đi — Liệu việc phân tích giá giờ đây có phải là kịch bản cơ bản?HBAR Price Analysis | Source: TradingViewTo reverse the negative scenario, HBAR needs a strong breakout. The price must surpass multiple resistance zones and close near $0.155. However, with the weakening buying pressure in the spot market and the MFI still at low levels, this scenario is currently unlikely.

In summary, as buying pressure nearly disappears, capital flows sharply decline, and the price remains suppressed within the downtrend, the continued plunge is no longer just a risk but has become the main scenario. At this point, this is the most likely outcome.

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