HBAR’s Slippery Slope: A Tale of Woe and Wonder in the Crypto Circus

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Hedera’s beloved HBAR token finds itself squirming near its lowest digs in what’s practically been a year-long endurance test-like a cat in a rainstorm, both the wider crypto oiks and the project’s own headwinds are doing their best to dampen its spirits. 😅

After a painfully slow shuffle through November and December, HBAR has settled into a snug little corner-imagine a squirrel hoarding acorns-debating whether this pause is a springboard for a jaunty bounce or just the calm before the next big belly flop.

Recent shenanigans suggest a flurry of activity around vital technical levels, although the fundamental signals are about as clear as a muddy puddle. 🤔

HBAR chart showing the latest movement

HBAR Takes a Plunge to Multi-Month Lows as Vendors Get Restless

This week, our dear HBAR dipped to the tune of $0.11-$0.12 after stubbornly refusing to cling to the venerable $0.125 support-an old friend that had kept it from going overboard earlier in the year. The nosedive synchronized with the broader market’s melodramatic pullback, as Bitcoin and its altcoin cousins decided to take a breather ahead of some high-stakes US Senate theatrics. 🎭

Trade numbers suggest that during attempts to tug the price back above $0.119-$0.120, traders threw a lot of volume into the mix-more than a regular Tuesday, indicating a busy day at the Distribution Dress Shop rather than a buying spree. Market structure now sports a decidedly bearish hat, with HBAR trading below its favorite moving averages and the RSI and MACD playing a slow dirge.

Further gloom is cast by on-chain tidbits: the total value locked has gone from hero to zero, and the stablecoin supply shrinking faster than a snowball in June. So much for those shiny days.

Volume Surges Show the Fight at the Support and Resistance Rings

Despite the overall downer, volume spikes have become the talk of the town. During one wild session, HBAR volume shot over 80% above its usual, as the brave testers approached the resistance fortress near $0.119. Rejection ensued-shocking, I know-and the sellers clocked in for another round.

Late in the day, the tide of buying interest swelled near $0.112-$0.113, which folks now see as the immediate support-think of it as the last life raft before the deep blue. If the sellers get more spirited, the next hideout looks to be around $0.10, perhaps a cozy place from where to ponder life’s mysteries. 🚢

On the flip side, the wise elders are eyeing $0.119-$0.122 as the resistance sand trap. A firm break above that might just nudge HBAR toward its old acquaintances at $0.13-assuming, of course, it can find its nerve.

Analyst Quarrel: Is HBAR Approaching the Golden Orb of Oversold Drama or Mere Fools’ Gold? 💰

Some chart-wranglers claim HBAR is flirting with oversold territory, hinting at a potential bounce-like a coiled spring about to ping back to the mid-$0.12s or even to $0.14, if the gods of technicals favor support.

Others, however, regard the scene with suspicion, citing dwindling demand in Hedera-investment circles and sluggish ecosystem growth. Their view? If this current support crumbles, expect a date with $0.10-recalling the days of past liquidation trauma.

And there you have it, the grand mudslinging in the crypto coliseum, with HBAR right in the thick of the intrigue. 🥂

Cover image from ChatGPT, HBARUSD chart from Tradingview

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2025-12-17 01:45