Digital currency Hedera (HBAR) has been struggling to gain significant momentum in the past month, showing a downward-neutral trend in its price performance. Market apathy is one of the main reasons for Hedera’s price stagnation. Even long-time supporters of this asset have reduced their support due to challenging market conditions, weakening investor sentiment and short-term hope for improvement. In the last six days, profits from Hedera futures contracts have decreased by $95 million, indicating a sharp decline in trader activity, reducing liquidity and trading volume, weakening confidence in this asset. This prolonged consolidation period has shaken investor confidence and intensified downward pressure. Technical indicators like the Moving Average Convergence Divergence (MACD) paint a concerning picture of Hedera’s overall movement, indicating a strengthening downward trend and increasing selling pressure. Hedera has been trading in the $0.39 to $0.25 range for over a month and has failed to break through this range. Currently, the price of this cryptocurrency is around $0.27 and needs a 109% growth to reach its all-time high of $0.57. Breaking this consolidation range is essential to restore investor confidence. If unsuccessful, the HBAR price may drop to $0.18. To start an upward trend, Hedera needs a similar acceleration to the 637% growth in November, which seems unlikely in the current conditions. Ultimately, market conditions and renewed investor interest are key factors for the success of this asset. You can view the live and real-time prices of all tokens and cryptocurrencies on the digital currency price page.
