Hedera continues to consolidate following a moderate retracement from its recent highs.

Analysts tracking open interest and price structure note declining speculative activity, suggesting a cooling phase as the market awaits renewed momentum in November 2025.

Open Interest Data Shows Weakening Speculative Activity

The HBAR/USD hourly chart highlights visible signs of market moderation. The price currently trades around $0.17493, marking the end of a gradual decline after an earlier rally that peaked near $0.20. According to analysts, this transition reflects a shift from accumulation to profit-taking, signaling potential exhaustion of short-term bullish momentum.

Source: Open Interest

Aggregated open interest data support this interpretation. Levels started near 59.3 million before falling to approximately 58.82 million, indicating that leveraged participation has reduced.

Analysts explain that when both price and open interest decrease together, it typically suggests traders are closing out positions rather than establishing new ones. The synchronized downtrend points to reduced volatility and declining speculative pressure conditions often preceding a consolidation or neutral phase.

Market Metrics Reflect Cooling Sentiment but Solid Support Base

Data from BraveNewCoin as of November 13, 2025, shows HBAR trading at $0.18, down 0.93% in the past 24 hours, with a market capitalization of $7,625,740,799 and a 24-hour trading volume of $339,948,912. The available supply stands at 42,475,229,924 tokens, ranking the project 29th globally by market capitalization.

Source: BraveNewCoin

Despite short-term weakness, the network’s active ecosystem continues to support liquidity and participation. Price data between $0.170 and $0.182 marks the dominant trading corridor, while $0.166 serves as a short-term floor that buyers have previously defended. Analysts view this stabilization as a sign of controlled retracement rather than panic selling.

Technical Indicators Suggest Consolidation Within Bollinger Range

According to TradingView data dated November 13, 2025, HBAR’s Bollinger Bands show a tightening formation, with the upper band at $8.72B, basis at $7.76B, and lower band near $6.8B in market capitalization terms. This structure signals a decline in volatility, consistent with the ongoing consolidation phase.

Source: TradingView

Meanwhile, the Relative Strength Index (RSI) stands at 46.03, closely aligned with its RSI-based moving average at 46.91, confirming neutral momentum. The index suggests that neither buyers nor sellers hold a dominant position, leaving room for balanced price action. A sustained move above RSI 50 could open a path toward renewed strength, while failure to hold current support may bring additional short-term weakness.