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Information about Hedera Hashgraph (HBAR)
Hedera Hashgraph is a public network that allows individuals and businesses to create decentralized applications (DApps). Hedera Hashgraph is designed to be a fairer, more efficient system, removing some of the limitations that older blockchain-based platforms had, such as slow and unstable performance. As its name suggests, the main technology of Hedera Hashgraph is based on the Hashgraph data structure and consensus algorithm to provide a new platform for distributed consensus.
Hedera Hashgraph was ICO in August 2018. Hedera Hashgraph launched open access for the first time a year later, in September 2019.
The HBAR token is a dual-role token in the Hedera Hashgraph network. HBAR is the power source for Hedera’s smart contracts, file storage, and regular transactions. HBAR is also used to help secure the network by allowing HBAR users to stake deposits to maintain the platform’s integrity.
News
As of February 12, 2025, HBAR’s price has dropped significantly to 0.22 USD. The increase in short positions indicates that traders are anticipating further declines, leading to a bearish outlook in the futures market.
The long/short ratio for HBAR currently sits at 0.96, reflecting a bearish sentiment. Technical indicators, including the Chaikin Money Flow, show sustained selling pressure, which may result in further price drops if support levels are breached.
HBAR’s price fell by 26% in February 2025, breaking a bullish flag pattern and pushing back expectations for a new all-time high. Investor sentiment indicates weakness, with fluctuating funding rates and a low RSI suggesting potential further declines.
To restore bullish sentiment, HBAR needs to reclaim support at $0.25 and surpass $0.33. However, if bearish trends continue, it could decline to as low as $0.182.
Open interest for HBAR has dropped from 367 million USD to 216 million USD, suggesting decreased trader confidence. The Relative Strength Index has hit a three-month low, reinforcing bearish sentiment. The price currently fluctuates between 0.25 USD and 0.40 USD.
Despite current bearish signs, HBAR could potentially surge by 684% if it successfully breaks the 0.40 USD resistance level. Traders need to monitor for support at 0.25 USD, as failure to maintain this level could lead to further declines.
Hedera (HBAR) is currently trading at 0.31 USD, marking a 20% decrease since mid-January. Key technical indicators reveal ongoing bearish momentum, with significant sell pressure affecting the asset.
Should the selling pressure persist, HBAR may drop another 18% to 0.26 USD, potentially reaching as low as 0.22 USD. Conversely, increased buying activity could push HBAR to its 0.40 USD multi-year high.
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