Hedera Price Forecast: HBAR risks a 15% decline as it pulls back into a consolidation range
Cryptocurrency traded in The Red Today, China’s Deepseek Disrupts US Tech Industry.
🚨breaking: Deepseek crashes all crypto markets.
The Altcoin space suffered the most, with AI tokens leading the downside.
However, HBAR attracted attention when it retreated into a long consolidation range.
Hedera fell from a daily high of $0.34 to a low of $0.29.
Altcoin has breached the major support barrier at $0.33, indicating massive bearish sentiment.
The move raised concerns about HBAR’s near-term performance.
Altcoin fell in a consolidation range of $0.33 – $0.25 (again).
The prevailing bias signals continued to decline towards the lower bounds of the consolidation range at $0.25.
This would translate to a decline of approximately 17% from the current HBAR price.
Fading investor enthusiasm supports the bearish trajectory
Technical indicators indicate investor doubts about Hedera’s near-term performance.
The Average Directional Index confirms the weak strength with a decline below the 25 key mark.
This indicates that the previous uptrend has lost steam.
Moreover, the lackluster momentum exposes the prevailing uncertainty around HBAR’s performance in the coming sessions.
Chaikin Money Flow failed to close above zero (0) after sliding from 0.10 to -0.18 time pressure over the past two days.
CMF measures capital entering and leaving an asset’s ecosystem.
The Hedera case shows a decline in the flow of funds into the project, indicating dwindling investor confidence.
The 4H moving average convergence convergence with the signal line highlights sloppy dominance.
Also, the parabolic SAR supports the bearish combo, with dots above the candles indicating a seller advantage.
Current price action for HBAR
Hedera is trading at $0.305 after losing 9.46% over the past day.
Increased 24-hour trading volume likely indicates increased activity from sellers.
These players could reduce their exposure as HBAR falls below the vital support zone of $0.33.
Failure to regain a foothold could spur continued declines to the lower bound of the consolidation range – $0.25.
This would translate into more than a 15% slice of Hedera’s current price.
Why are cryptocurrencies crashing today?
Digital assets endured a bloodbath today as flash collision assets fell by double-digit values.
Bitcoin touched a low of $97,800, while Pepe, Virtual, and Shib lost more than 20%.
Deepseek’s latest development contributed to the market crash.
The AI model has shaken the global technology industry due to its huge demand in the United States.
Deepseek from China is considered a competitor to ChatGpt and has sparked conversation about its low-cost infrastructure.
Its massive success has raised concerns about demand for high-priced US chips from companies like AMD and Nvidia.
These updates sparked panic selling in the financial space, stimulating declines in prominent prices.
Meanwhile, analysts expect quick rebounds after the flash crash.
Bitcoin regained $100,000, trading at $101,184. However, wild fluctuations require caution.
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