HBAR’s open interest has plunged to 149 million USD, indicating decreased market activity. The price has dropped by 17% to 0.21 USD, with a bearish trend confirmed by the Parabolic SAR indicators, suggesting continued downward momentum.
The current bearish trend places HBAR within a descending channel, traditionally signaling further declines unless buying interest revives. A further decline towards 0.16 USD is possible in the absence of increased demand.
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