HBAR Price Plummets: Death Cross Signals More Trouble Ahead for Hedera Hashgraph
The Hedera Hashgraph (HBAR) token is facing significant downward pressure as its price recently crashed to $0.1450—its lowest level since April 9. This marks a staggering 35% drop from its recent high, raising concerns among investors about further declines ahead.
A Bearish Signal: The Death Cross Emerges
Technical analysts are sounding the alarm as HBAR’s price chart has formed a dreaded death cross—a bearish pattern where the 50-day moving average crosses below the 200-day moving average. Historically, this signals prolonged downtrends, suggesting that HBAR may not have hit bottom yet.
Key Metric Crashes 82%
Adding to the bearish sentiment, a critical Hedera Hashgraph network metric has plummeted by 82%, though specifics remain undisclosed. This sharp decline in fundamental activity could indicate weakening demand or reduced network utility, further pressuring HBAR’s valuation.
What’s Next for HBAR?
With the death cross in play and dwindling network metrics, traders are bracing for more downside. Key support levels to watch include:
- $0.1400 – A psychological support zone
- $0.1200 – Last major support from early April
If these levels fail, HBAR could revisit its 2024 lows, potentially testing $0.1000.
Investor Sentiment Turns Cautious
The broader crypto market’s volatility isn’t helping. As Bitcoin and Ethereum struggle to regain momentum, altcoins like HBAR often face amplified sell-offs. Traders are advised to monitor:
- On-chain activity for signs of whale accumulation or distribution
- Regulatory developments affecting Hedera’s enterprise adoption
- Macroeconomic factors influencing crypto liquidity
While Hedera’s long-term prospects—such as its enterprise-grade blockchain solutions—remain intact, short-term traders should proceed with caution. The death cross and crashing metrics suggest stormy weather ahead for HBAR.
Will HBAR recover, or is this the start of a deeper correction? Share your thoughts in the comments below.
