Hedera’s TVL continued to decline, and HBAR’s state was concerning. The coin’s market indicators also favored the bears and predicted a further downtrend. Hedera [HBAR] has reached a remarkable milestone in terms of network growth. In a 26 March tweet, Hedera revealed that its mainnet has processed 6 billion transactions since its launch. It was […]
Source: DeFiLlamaHBAR, which is Hedera’s native token, also did not benefit from the network’s recent achievement. According to, HBAR was trading nearly 4% lower than last week. At the time of writing, it was changing wallets at $0.06013 with a market capitalization of more than $1.8 billion.
Santiment’s chart showed that HBAR’s Binance funding rate dropped sharply, suggesting less demand from the derivatives market. Not only that, but the token also lost popularity, as evident from its declining social volume.would gain from Hedera’s success in the foreseeable future.A similar bearish outlook for HBAR was also given by its daily chart. The Exponential Moving Average ribbon displayed a bearish crossover.
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