The post What Is HBAR’s Price Next Big Move? appeared on BitcoinEthereumNews.com.

Hedera Hashgraph’s native token, HBAR, is facing mounting selling pressure that could push its price below the $0.20 mark in the short term.  On-chain data reveals a steady decline in futures traders’ interest and weakening accumulation on spot markets. This combination suggests more downside could be ahead as the month progresses. HBAR’s Futures Market Cools as Sellers Tighten Grip HBAR’s rally, which peaked at $0.3050 on July 27, has lost momentum. Exchanging hands at $0.2427 as of this writing, the altcoin’s value has since dipped by 11%. According to Coinglass, HBAR’s open interest in its futures market is falling sharply, signaling that derivatives traders are backing away from bullish bets. At press time, it stood at $349.35 million, plunging 11% in the past seven days. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. HBAR Futures Open Interest. Source: Coinglass An asset’s open interest tracks the total number of active futures or options contracts. When it rises, it signals growing market participation, while a decline indicates that traders are closing positions and stepping away from the market.  For HBAR, the recent drop in futures open interest suggests a clear loss of momentum among derivatives traders. Fewer participants are betting on a near-term rebound, reflecting the weaker accumulation trend in spot markets.  This weak accumulation trend is also mirrored in HBAR’s Elder-Ray Index, which has printed negative values for the past six consecutive trading sessions on the daily chart.  HBAR Elder-Ray Index. Source: TradingView This momentum indicator measures the balance of buying and selling pressure by comparing price action against a moving average. Positive values suggest buyers are in control, while negative readings indicate sellers have the upper hand. The recent stretch of red histogram bars signals sustained selling…

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Filed under: News - @ August 6, 2025 11:21 pm