Hedera continues to struggle as market momentum fades across major altcoins, dragging the asset into a deeper corrective phase.
With open interest drifting lower and price action weakening on multiple timeframes, traders remain wary of committing fresh capital. The token’s decline highlights the growing caution among market participants as volatility expands and sentiment shifts toward defensive positioning.
Open Interest Trend Highlights Market Caution
HBAR has fallen steadily throughout the week, sliding from the mid-$0.15 region into the $0.128–$0.129 zone on the latest 1-hour chart. Attempts to stabilize have been brief, with each rebound forming lower highs that reinforce a persistent bearish structure. Sellers maintain control as liquidity concentrates around declining support levels.
Source: Open Interest
Aggregated open interest shows a similar downward drift. Recent readings moved from 48.53M to 48.42M, signaling reduced trader commitment as positions unwind. The gradual decrease reflects de-risking behavior across derivatives markets, particularly as price softness accelerates. Lower open interest during a price decline often points to fading confidence rather than active short buildup.
This combination of weakening price action and thinning participation creates an environment where volatility can increase abruptly. Without a clear reversal in open interest or evidence of stronger dip-buying, the coin remains vulnerable to additional downside. A sustained reclaim of intraday resistance would be needed to shift sentiment meaningfully.
BraveNewCoin Data Confirms a 24H Decline as Market Cap Shrinks
According to BraveNewCoin, Hedera is trading at $0.13, marking a 5.08% decline over the last 24 hours. The market capitalization stands at $5.56 billion, supported by an available supply of 42.47 billion HBAR. Trading volume reached $361.6 million, indicating active market participation despite the bearish pressure.
The broader range for the session shows the coin moving between $0.124 and $0.132, consolidating near the lower end as sellers dominate. This price behavior aligns with the multi-week trend, where the token continues to test descending support zones without showing signs of a broader recovery. Volume increases have not translated into accumulation, suggesting that traders remain cautious about near-term upside.
While Hedera maintains a strong position among enterprise-focused blockchain networks, market conditions are currently overshadowing strong fundamentals. Without renewed buying interest or a shift in macroeconomic sentiment, the token may continue to drift within its lower trading band as participants await a clearer signal.
TradingView Charts Show Deepening Weakness as Indicators Point Lower
TradingView’s daily chart reinforces the bearish momentum. HBAR currently trades at $0.12873, holding below the Bollinger Band basis at $0.682 in market-cap terms. Price is trending close to the lower band at $5.33B, reflecting sustained downside pressure. The repeated rejection from the mid-band confirms that bulls have been unable to regain control.
Source: TradingView
The upper band near $8.32B in market-cap valuation highlights the wide gap between current conditions and potential recovery levels. Until the coin can reclaim the baseline decisively, the downward trajectory is likely to continue. Sellers retain a clear advantage as the token hovers near multi-month lows.
MACD signals support this outlook. The histogram sits deeply negative at –142.32M, while the MACD line at –571.88M remains below the signal line at –429.56M. This configuration shows strengthening bearish momentum with no visible divergence. Without a crossover or reduction in selling intensity, momentum favors further decline.
