HBAR’s Descent: A Tale of Two-Month Low and Waning Faith 📉

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The once-vibrant HBAR, Hedera’s native token, now finds itself ensnared in a web of selling pressure, its price teetering on the precipice of a two-month low. The token, once a beacon of hope, has plunged nearly 10% over the past week, as if the market itself has contracted a case of existential dread. 🧠

With investor caution growing like a mold on forgotten bread, HBAR may yet plunge further, its fate hanging by a thread of bearish sentiment. 🧨

HBAR Faces Rising Selling Pressure Amid Market Retreat

The MACD, that enigmatic oracle of market trends, whispers of doom as its blue line slinks below the orange signal line, while the red histogram bars swell like a gathering storm. A veritable symphony of despair, if you will. 🎻

At press time, the token’s MACD line (blue) rests below the signal line (orange), while the red histogram bars have grown in size in the past three sessions, a sign that bearish activity is increasing. One might say the market is throwing a tantrum. 😡

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. (Spoiler: It’s less of a newsletter and more of a warning label.) 🚨

The MACD indicator identifies trends and momentum in its price movement. It helps traders spot potential buy or sell signals through crossovers between the MACD and signal lines. A tool as reliable as a weather forecast in a hurricane. ☁️

When the MACD line sits above the signal line, it indicates weakening selling pressure and strengthening buy-side momentum. A rare moment of optimism in a world of perpetual pessimism. 🌈

Conversely, as with HBAR, when the MACD line drops below the signal line and the histogram displays expanding red bars, it signals intensifying bearish momentum and growing selling pressure in the market. A party where everyone’s leaving early. 🚪

Further, HBAR’s declining futures open interest confirms the waning market participation. Per Coinglass, this currently sits at $362.49 million, down 20% over the past five days. A decline so steep, it could make a rollercoaster blush. 🎢

Open interest represents the total value of outstanding derivative contracts, such as futures or options, that have not yet been settled. A measure of confidence, or the lack thereof. 🤷‍♂️

When an asset’s open interest dips, it indicates that traders are closing positions or stepping back from the market, reflecting reduced confidence. A scene straight out of a tragic play. 🎭

For HBAR, this decline suggests that fewer investors are actively trading the token in derivatives markets, potentially leaving it more vulnerable to continued selling pressure. A house of cards in a windstorm. 🧱

HBAR May Plunge Further if Support Fails

A sustained sell-side pressure could cause HBAR’s price to test the support floor at $0.2155. If the bulls cannot defend this level, the altcoin could extend its fall and plummet to a two-month low of $0.1944. A descent as graceful as a falling piano. 🎹

However, if new demand returns to the HBAR market, it could trigger a rally toward $0.2667. A miracle, perhaps, or just a temporary reprieve. 🙏

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2025-09-24 13:17