Hedera Hashgraph’s native token, HBAR, is currently experiencing significant selling pressure, with its price potentially falling below the $0.20 mark in the near future. This downturn is primarily attributed to a noticeable decline in interest from futures traders and reduced accumulation in spot markets.
HBAR’s value has already dropped by 11% from its recent peak of $0.3050 on July 27, now trading around $0.2427. Data from Coinglass indicates a sharp decrease in HBAR’s open interest in the futures market, which has plunged by 11% over the past seven days to $349.35 million. This decline suggests that derivatives traders are withdrawing their bullish bets and closing positions, signaling a clear loss of momentum.
Furthermore, a momentum indicator reveals a consistent pattern of red histogram bars, highlighting sustained selling dominance and a fading bullish sentiment in the HBAR market.
Currently, HBAR is hovering just above a crucial support level at $0.2366. Should demand continue to weaken and this support fail, the price could slide to $0.2155. If that level also gives way, HBAR might find itself trading at $0.1944.
August 2025, Cryptoniteuae
