Hedera falls over 8% as sellers dominate despite ecosystem growth and increased activity

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Hedera slides 8.18% today to $0.0788

Highlights

Hedera network transactional activity surged 168% in 30 days, with total value locked in decentralized apps rising 12.3% to $33.2 million.
Citi and J.P. Morgan participated in a financial privacy workshop, and a $15,000 bounty was announced for ETHGlobal Mumbai hackathon to spur developer activity.
HBAR/USD trades below key moving averages with indicators skewed bearish; expects a $0.0746 to $0.0848 range over the next five days.

Token underperforms as network growth fails to offset selling pressure

The Hedera network reported a 168% increase in transactional activity over the past 30 days, with total value locked in decentralized applications rising 12.3% to $33.2 million. A financial privacy workshop was held in New York City with major banks such as Citi and J.P. Morgan participating. Additionally, $15,000 in bounty prizes was announced for the ETHGlobal Mumbai hackathon beginning November 5th to encourage developer engagement and ecosystem growth, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, sees dominant selling pressure overwhelming HBAR despite positive network news. He finds technical indicators weak — with the token unable to reclaim its major moving averages. The expert notes bearish momentum confirmed by oscillators and intraday action. Increased transactional activity and institutional interest have failed to convince market participants for now. "Until $0.0848 is broken, I remain cautious, as persistent downside signals and failed bullish catalysts show sellers firmly in control of HBAR," says Kharitonov.

Viktoras Karapetjanc, expert at Traders Union, highlights the rapid growth in Hedera network activity and developer incentives. He perceives robust ecosystem expansion supported by institutional engagement, which underpins long-term adoption prospects. According to Karapetjanc, the longer-term bullish structure remains intact despite short-term volatility. "With continued network growth and increased DeFi participation, I see further opportunities for HBAR once market sentiment stabilizes," states Karapetjanc.

Jainam Mehta, market strategist, views the current setup as a technical retracement within a broader consolidation. He notes the divergence between trend strength and momentum signals, which may attract tactical traders. Mehta suggests watching for contrarian bounce opportunities if support near $0.0746 holds. "A decisive move above $0.0848 would indicate a momentum reversal and could trigger a short-term breakout," Mehta comments.

Bearish momentum persists despite strong trend and technical divergence

HBAR/USD is trading below the 20-day, 50-day, and 200-day moving averages at $0.0911, $0.0879, and $0.0818, indicating pronounced downside pressure across all timeframes. Resistance is marked at $0.0815 and support at $0.0746, while the longer-term outlook remains bullish given the 50-day and 200-day positioning. Oscillators such as MACD show a sell signal, while ADX maintains a buy bias with increasing trend strength. The RSI at 44.90, Stochastic RSI at 39.39, and CCI at -69.22 all suggest mild downside bias and no overbought conditions. Bear Power is negative and intraday flows are weak, confirmed by a soft Awesome Oscillator reading. The session opened with a downside gap of approximately 2.1% and the price is near the daily low amid 7.23% volatility. A minor divergence persists between trending strength and mostly bearish momentum signals.

Previously it was reported that despite ongoing ecosystem and regulatory developments, Hedera remained under sustained selling pressure and exhibited limited breakout potential. The latest analysis confirms this bearish outlook, highlighting continued downside momentum and suggesting that traders should monitor the $0.0746 support as a potential trigger for renewed weakness.

Source of Data: HBAR Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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