Hedera (HBAR) has experienced a recent downturn, with its price falling by 4.75% to $0.2290 on August 29, 2025. This dip aligns with a broader negative sentiment in the crypto market, which has also affected major assets like Bitcoin and Ethereum.
Despite the price decline, both trading volume and investor participation for HBAR have increased, with trading volume surging by 45% in the same period. However, market data shows that bearish sentiment is currently dominating. According to CoinGlass, short positions for HBAR are heavily leveraged, with $2.96 million in short liquidations compared to just $832k in long liquidations, indicating a lack of bullish momentum.
Technically, if HBAR's daily close falls below the $0.223 level, it could trigger a further 20% price drop to the $0.18 zone. However, a potential positive sign comes from on-chain data. CoinGlass reports that $3.18 million worth of HBAR has been withdrawn from exchanges, which suggests that investors are accumulating the token, a move that could help to slow down a further price decline.
August 2025, Cryptoniteuae