Hedera HBAR Tests Critical $0.1885 Support After 10% Weekly Plunge

Hedera Hashgraph's native token HBAR is facing intensified bearish pressure, declining 12% over the past month and 10% in just the last week. This downturn reflects eroding confidence among both retail and institutional investors, with key metrics signaling potential further downside risk.

Retail interest has plummeted alongside HBAR's price action. Santiment data shows a 55% monthly drop in social dominance, with discussions now representing only 0.74% of crypto conversations. Historically, such declines precede sluggish recoveries as fading hype reduces trading volume.

Institutional players appear equally cautious. Hedera's Smart Money Index has retreated to 1.108, indicating experienced traders are scaling back exposure during critical market hours. This smart money exodus suggests short-term skepticism dominates the sentiment.

Technically, HBAR is testing a crucial make-or-break level at $0.1885. A decisive break below this support could accelerate losses, while holding this line may provide bulls with a foundation for recovery. The market structure remains fragile, with the next directional MOVE likely to establish the medium-term trend.