Hedera’s native token, HBAR, has faced a sharp decline after failing to breach the $0.40 resistance level. The altcoin recently retraced to $0.25, a significant drop that has left traders uncertain. 

While this correction may signal bearish sentiment in the short term, the broader macro outlook remains highly bullish. However, for HBAR to reclaim momentum, it must navigate the growing hesitation among market participants.

HBAR Traders Are Uncertain

The market’s reaction to HBAR’s recent downturn is evident in the Futures market data. Open Interest currently stands at $216 million, a sharp decline from $367 million just three days ago. This $150 million drop highlights the hesitancy among traders, many of whom are liquidating positions.

The contraction in Open Interest suggests a shift toward bearish sentiment. Traders are moving out of leveraged positions, signaling decreased confidence in a near-term recovery. As a result, unless a resurgence in interest occurs, HBAR’s price action could remain subdued.

From a technical perspective, HBAR’s macro momentum reflects a strengthening bearish trend. The Relative Strength Index (RSI) has dropped to a three-month low, last seen in November 2024. Currently sitting below the neutral 50.0 level, the indicator highlights growing downside pressure.

The falling RSI suggests sellers are gaining control, making it more challenging for bulls to push prices higher. If this downward momentum continues, it could suppress any breakout attempts, keeping HBAR range-bound for an extended period.

HBAR Price Prediction: Finding A Breach

Despite the short-term bearish pressure, HBAR is forming a macro bull flag pattern, historically a precursor to substantial rallies. If this setup plays out, the altcoin could see a 684% surge, targeting $2.83. However, for this rally to materialize, HBAR must decisively break through the $0.40 resistance.

In the near term, the probability of an immediate breakout remains low. The price is likely to continue consolidating within the $0.25 to $0.40 range. If downward pressure intensifies, HBAR could lose support at $0.25, triggering a further decline toward $0.18.

The only way to invalidate this bearish outlook is for HBAR to reclaim $0.40 as a support level. A successful breach of this resistance could fuel a rally toward $0.47, confirming a breakout from the bull flag pattern and paving the way for higher price targets.

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Another dominates gaming tokens, boasting $4.3 million in PnL (Profit and Loss), with massive returns on ZAILGO and BARSIK. Meanwhile, another smart wallet specializes in AI coins, approaching $1 million in realized profits, including a 28,876% gain on CATG and strong holdings in WAIFU.

Solana New Tokens Specialist With More Than $3 Million In Realized Profits

A Solana smart wallet address, 3xqUaVuAWsppb8yaSPJ2hvdvfjteMq2EbdCc3CLguaTE, has accumulated a realized profit of $3.3 million.

Its most profitable trade came from TRUMP, where it turned an initial investment of $749,878 into $1,553,207.

This wallet specializes in newly launched coins, often entering within the first hours after they are launched on launchpads like Pumpfun.

Over the past 90 days, it has executed approximately 4,300 trades, maintaining a win rate of 53% while trading across 510 different tokens.

One of its most remarkable trades was in SOT, where it achieved a staggering 6,732% return, turning just $197 into $5,435. Despite already realizing significant profits, the wallet still holds an unrealized profit of $515,116 in TRUMP, suggesting confidence in a recovery for the meme coin.

Gaming Coins Expert With 5,848% ROI In One Token

The Solana smart wallet 9UWZFoiCHeYRLmzmDJhdMrP7wgrTw7DMSpPiT2eHgJHe has established itself as a specialist in gaming tokens, boasting a realized PnL of $4.3 million.

With a win rate of 52%, it has actively traded 192 different tokens in the past 90 days.

Among its most notable trades, the wallet turned $5,439 into $323,510 on ZAILGO and transformed $168,271 into $1,034,961 on BARSIK.

This wallet has also achieved over $100,000 in realized PnL on 13 different tokens and recorded 11 tokens with returns exceeding 1,000%.

Solana AI Coins Expert Approaching $1 Million In PnL

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Monitoring these wallets closely can offer key insights, especially for day traders who want to identify possible entry points into lower-cap tokens.

However, it’s important to remain cautious and adopt proactive risk management, as the majority of these assets are driven by speculative trading.