Hedera has remained under sustained pressure after failing to break out of a month-long downtrend. HBAR has posted consistent losses, weighing heavily on trader confidence.
The prolonged decline has triggered reduced participation and increasing concern over the altcoin’s near-term recovery prospects.
Hedera Futures Is Looking Bleak
Futures market data highlights weakening sentiment among HBAR traders. Open interest has dropped sharply from $140 million to $104 million in just four days. This decline indicates traders are closing leveraged positions, reflecting fading confidence in a short-term price rebound.
The rapid reduction in open interest suggests capital is moving away from Hedera derivatives. Traders appear unwilling to maintain exposure amid limited upside signals. Reduced futures participation often suppresses volatility-driven recoveries, making price stabilization more challenging.
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HBAR Open Interest. Source: Coinglass
Technical indicators show Hedera approaching exhaustion on the downside. The relative strength index has slipped below the 30.0 threshold, placing HBAR firmly in oversold territory. This condition reflects strong bearish momentum driven by recent sharp price declines.
Oversold readings often precede selling slowdowns, as losses discourage further exits. Historically, such conditions can attract value-focused buyers. Accumulation at depressed levels may help stabilize price action, though confirmation depends on broader market sentiment.
HBAR RSI. Source: TradingView
HBAR Price Declines Further
HBAR has fallen 21% over the past nine days and trades near $0.109 at the time of writing. The token slipped below the $0.110 level within the last 24 hours. Failure to escape the month-long downtrend has kept price action firmly bearish.
Continued weakness could push HBAR toward the $0.099 support level. A move to this zone would mark a new two-month low. Such a decline would intensify investor losses and reinforce negative sentiment across both spot and futures markets.
HBAR Price Analysis. Source: TradingView
A recovery scenario remains possible if low prices attract accumulation. Reclaiming $0.110 as support could allow HBAR to rebound toward $0.120. A sustained break above $0.125 would invalidate the bearish thesis and signal a potential trend reversal.
