HBAR Price Teeters on Edge as Critical DeFi Metric Nosedives
HBAR faces imminent pressure as foundational DeFi indicators flash warning signals across the ecosystem.
Market Pulse Check
The protocol's key decentralized finance metric recorded a dramatic plunge, sending shockwaves through trading desks and portfolio strategies. This isn't just a dip—it's a fundamental shift that could redefine HBAR's positioning in the crowded altcoin landscape.
Technical Breakdown
Active addresses and transaction volumes both show concerning patterns that typically precede significant price movements. Smart money's already repositioning while retail traders remain blissfully unaware—classic Wall Street behavior, just with more buzzwords and less paperwork.
Ecosystem Impact
Developers continue building, but the numbers don't lie. When core metrics stumble, even the most bullish narratives start showing cracks. Remember: in crypto, fundamentals matter until they don't—then it's all about the story we tell ourselves.
The coming days will test whether HBAR's technology can outweigh the deteriorating metrics. Either way, someone's about to make a fortune while others learn another expensive lesson about trusting green candles over actual data.
Hedera DeFi ecosystem woes continue
The HBAR price could be at risk of a deeper dive as the total value locked in its decentralized finance ecosystem continued falling.
Data compiled by DeFi Llama shows that the total value locked has plunged to $179 million, its lowest level since July 6 this year and well below the year-to-date high of $396 million.
Stader, the top liquid staking network on Hedera, has shed millions, with its TVL falling to $77 million. Similarly, SaucerSwap and Bonzo Finance’s assets have dropped by 13% and 20%, respectively.
Hedera Hashgraph, despite its big name in the crypto industry, has struggled to attract top developers like Aave, Uniswap, and PancakeSwap. As a result, it has been overtaken by newly launched crypto projects like Jupiter Lend, Unichain, and Plasma.
On the positive side, Hedera’s stablecoin supply has jumped by 94% in the last seven days to $170 million. It has jumped to the highest level since August 1, in a sign that users are embracing the technology.
However, stablecoin supply on the network tends to experience significant increases and plunges. The most recent event happened on Sept. 22 when it jumped from $69 million to $164 million on Oct. 2, only to plummet to $69 million a day later.
HBAR price technical analysis
The daily timeframe chart shows that the HBAR price has pulled back in the past few months, moving from a high of $0.3052 in July to $0.1780.
The ongoing recovery is not particularly strong, as evidenced by the falling True Strength Index, whose two lines have continued to drop this month.
The HBAR token price has formed a death cross, as the 50-day moving average has crossed below the 200-day EMA. This pattern, together with the forming bearish pennant, often leads to further downside. In this case, it may crash to the psychological point at $0.15.
