Hedera HBAR Holds Near Yearly Lows Amid Market Uncertainty
Hedera's HBAR token is consolidating near twelve-month lows as broader cryptocurrency markets face pressure. The asset is currently trading between $0.11 and $0.12 after failing to maintain support at the critical $0.125 level, which has been tested multiple times this year.
Technical indicators remain bearish, with HBAR trading below key moving averages and both the RSI and MACD signaling continued weakness. A recent spike in trading volume NEAR the $0.119 resistance level suggests distribution rather than meaningful accumulation.
The decline aligns with broader market jitters ahead of U.S. macroeconomic policy decisions, compounded by shrinking ecosystem metrics. Hedera's total value locked has retreated significantly from prior highs, while stablecoin activity on the network shows signs of stagnation.