Hedera Hashgraph (HBAR) is experiencing a frustrating low period. Despite its remarkable technical potential, HBAR's price has continued to consolidate over the past month due to poor market sentiment, hovering between $0.25 and $0.39, struggling to break free from the shadow of the bear market.

Traders are exiting the market, and market confidence is shaking.

In just six days, HBAR's open contracts plummeted by $95 million, indicating that a large amount of capital is fleeing the market. Traders' interest in the asset has sharply declined, directly affecting liquidity and trading volume.

The long-term price consolidation has left investor confidence weakened, especially among traders expecting short-term gains. As exposure decreases, the market's bearish sentiment grows stronger, making it even harder for HBAR to gather the momentum needed for a rebound.

Technical situation deteriorating: downward pressure intensifying

Technical indicators further highlight the challenges faced by HBAR. The MACD indicator recently shows that bearish momentum is intensifying rather than weakening, indicating that market selling pressure is gradually increasing. This bearish divergence is concerning and suggests that unless there is a clear market positive, HBAR's price may continue to be under pressure.

Without strong bullish catalysts, HBAR is likely to face greater resistance in the coming months. The dual blow of selling pressure and market sentiment is forming a vicious cycle that weakens HBAR's breakout potential.

Price outlook: Breakthrough or breakdown?

HBAR is currently hovering around $0.27, still 109% away from its historical high of $0.57. Since the surge of 637% last November, HBAR has failed to replicate a similar stunning performance.

If HBAR cannot break through the key resistance level of $0.39, it may face the risk of prolonged consolidation or further decline below $0.25. In the worst-case scenario, HBAR could slide to $0.18, triggering greater market panic.

However, if market interest can be reignited and break through the current range, HBAR may return to a growth trajectory and even achieve new breakthroughs in the future. But currently, market conditions and investor sentiment remain the greatest uncertainties.

No need to panic in a sluggish market; steady operations are key. The future of HBAR is full of challenges, but crises often breed opportunities.

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