Crypto Crash Coming? Hedera’s 27% Drop Looks Inevitable! đŸ˜±

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It seems Hedera Hashgraph’s token is hanging by a thread, folks, as the supply of its stablecoins takes a nosedive faster than you can say “bubble burst.” The ecosystem’s stablecoins have been dropping like apples from a tree, leaving just $50 million—down from a whopping $214 million — as if someone pulled the plug on the whole thing. People are starting to wonder if the network’s just a fragile house of cards waiting for a breeze. đŸŒŹïž

Hedera (HBAR) has already lost more than half of its value this year—over 57%, to be exact. It’s like watching a balloon deflate slowly but surely, in sync with the entire cryptocurrency market’s slow, embarrassing collapse. You’d think with all the hype, it’d hold up better, but no. Sometimes, hope is just another word for a fool’s dream. 💾

Third-party data shows the stablecoin supply on Hedera took a nosedive—down to $50 million on Tuesday after reaching a high of $214 million earlier in the month. Looks like nobody wants to keep their money in such a shaky neighborhood anymore. A shrinking stablecoin supply is like a red flag waving wildly—it’s a bad sign for any layer-1 or layer-2 network—it screams, “Hey, nobody’s using this thing anymore!” Meanwhile, Tron (TRX) is the popular kid on the block, raking in all the stablecoin action and making a fortune just processing Tether (USDT)—imagine that! đŸ’Œ

Fees on Hedera have also taken a hit—peaking close to $4,000 in May, then dropping to a mere $1,600 on Tuesday. That’s what happens when activity slows down; transaction fees follow like a puppy chasing its tail. The total value locked (TVL) in Hedera’s network has plummeted from over $352 million to just $175 million—about half of what it was six weeks ago. Big names like Stader, SaucerSwap, Bonzo Finance, and HbarSuit are still hanging in there, but they’re about as lively as a zombie at a party. đŸ§Ÿâ€â™‚ïž

In comparison, newer chains are throwing quite the party with billions locked up. Berachain boasts over $2.67 billion, and Sonic and Unichain aren’t far behind, holding $1.6 billion and $850 million, respectively. Hedera’s showing is less like a roaring fire and more like a flickering candle—dim, fragile, and about to go out.

The decentralized exchange scene isn’t much better, with Hedera protocols processing just $203 million in volume over the past month. That’s chump change compared to Unichain and Sonic, which clocked in at $11.2 billion and $3.8 billion—talk about being the quiet kid in class! 📉

HBAR price technical analysis

Looking at the daily chart, HBAR hit a double-top near $0.40 back in December and January—a fancy chart pattern that’s usually bad news. Since then, it’s been sliding downhill, forming lower lows and lower highs—like a snowball rolling out of control. Currently, it’s just below the upper boundary of its descending channel, making it look more worried than a cat in a bath. 🛁

It’s also dropped below the 50-day Exponential Moving Average, and indicators like MACD and RSI are pointing down—nothing promising there. With all these shaky fundamentals and bearish signals, it looks like HBAR could tumble to around $0.1236—maybe a 27% drop from where it’s sitting now. Unless, of course, it somehow breaks above resistance at $0.2290, then all bets are off. Either way, it’s a roller coaster you probably want to get off before it crashes. 🎱

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2025-06-04 15:52