HBAR Falls 10% This Week, Eyes Key $0.1885 Support
HBAR, the native token of Hedera Hashgraph, dropped 10% over the past week and 12% in 30 days amid rising bearish pressure. Social dominance fell 55%, signaling dwindling retail interest. The Smart Money Index also slipped to 1.108, indicating reduced institutional exposure. Technically, traders are watching the critical $0.1885 support and $0.2212 resistance levels, with a break below support risking further declines and a move above resistance opening a path to $0.2636. Trading volumes remain low, increasing the risk of extended weakness. Potential recovery catalysts include broader crypto rallies, enterprise partnership news, and whale accumulation.
Bearish
The sharp 10% weekly drop in HBAR, combined with a 55% fall in social dominance and a low Smart Money Index, points to waning retail and institutional interest. Historically, breaches of key support levels in HBAR have led to accelerated sell-offs, especially when trading volumes are muted. In the short term, a break below $0.1885 could trigger further losses. Longer-term recovery hinges on broader market rallies, enterprise partnership announcements or renewed whale accumulation—factors that previously sparked relief rallies in HBAR.