HBAR Traders Withdraw $36 Million As Price Hits 2-Month Low

Hedera (HBAR) is facing sustained selling pressure, causing its price to fall 21% over nine days to around $0.109, nearing a two-month low of $0.099. This decline has severely impacted trader confidence, reflected in futures market data showing open interest sharply dropping from $140 million to $104 million in four days as traders close leveraged positions. Technically, the Relative Strength Index (RSI) has fallen below 30, placing HBAR in oversold territory, which might signal a slowdown in selling pressure or attract value buyers. A recovery depends on reclaiming $0.110 support to target $0.120, while a failure to hold above $0.125 would confirm the bearish outlook.

(Source：BeInCrypto)