{"id":20242,"date":"2026-01-20T17:27:56","date_gmt":"2026-01-20T17:27:56","guid":{"rendered":"https:\/\/bitunikey.com\/news\/hbar-price-hits-key-support-as-key-metrics-point-to-a-deeper-dive\/"},"modified":"2026-01-20T17:28:18","modified_gmt":"2026-01-20T17:28:18","slug":"hbar-price-hits-key-support-as-key-metrics-point-to-a-deeper-dive","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/hbar-price-hits-key-support-as-key-metrics-point-to-a-deeper-dive\/","title":{"rendered":"HBAR price hits key support as key metrics point to a deeper dive"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">HBAR price continued its strong downward trend and hit a crucial support level as the crypto market retreat gained steam.<\/p>\n<div id=\"cn-block-summary-block_3f1501ad626ef7f4656fd28067562765\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>HBAR price has formed a descending triangle pattern on the daily timeframe chart.<\/li>\n<li>The total value locked of all assets in Hedera has plunged to $61.5 million.<\/li>\n<li>The stablecoin supply dropped by 16% in the last seven days to $49 million.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Hedera (HBAR) token dropped to a crucial support level at $0.1037, erasing all gains made earlier this year. It has dropped by 65% from its highest point in July last year.<\/p>\n<p>HBAR crashed even as Hedera\u2019s team traveled to Davos, Switzerland, where it is sponsoring the US House alongside other companies such as Microsoft, Pfizer, C3.ai, Qualcomm, and HPE.<\/p>\n<p>The team, including Mance Harmon, the Chairman and co-founder of Hedera, and Eric Piscine, are attending and participating in key events at the event, which brings together some of the biggest companies and policymakers in the world.\u00a0<\/p>\n<p>HBAR price also retreated as key network metrics continued to deteriorate. Data compiled by <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/hedera\" target=\"_blank\" rel=\"nofollow\">DeFi Llama shows<\/a> that the total value locked in the DeFi ecosystem dropped by 7.65% in the last 30 days to $61 million, down from the all-time high of over $205 million. It has dropped to the lowest level since November 2024.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Hedera\u2019s network has a lower TVL than other blockchains like Sui, Base, Solana, and Hyperliquid. Also, the stablecoin market fell 17% over the last seven days to $49 million. Its stablecoin supply is also much lower than that of other smaller chains, such as Sui, Sei, and Aptos.<\/p>\n<p>The falling stablecoin supply is notable given that the industry is still growing, with the market capitalization of all stablecoins in circulation exceeding $300 billion.\u00a0 Also, the decline is important because the network launched Stablecoin Studio, which provides companies with all the tools to launch and operate their stablecoins.<\/p>\n<p>Additionally, the Canary HBAR ETF has struggled to gain momentum, with cumulative inflows rising to over $85 million while net assets stand at $57 million.<\/p>\n<h2 class=\"wp-block-heading\">HBAR price technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Hedera price chart | Source: crypto.news\u00a0<\/figcaption><\/figure>\n<p>The daily timeframe chart shows that the HBAR price has been in a strong downward trend in the past few months, moving from a high of $0.3045 in July to the current $0.1085.<\/p>\n<p>It has formed a descending triangle pattern, which is made up of a horizontal support and a descending trendline that connects the highest swings since September last year.<\/p>\n<p>The token remains below the 50-day and 100-day Exponential Moving Averages and the Supertrend indicator. Therefore, the token will likely continue falling, potentially to the key support level at $0.08500.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HBAR price continued its strong downward trend and hit a crucial support level as the crypto market retreat gained steam. Summary HBAR price has formed a descending triangle pattern on&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=20242"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20242\/revisions"}],"predecessor-version":[{"id":20243,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20242\/revisions\/20243"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1532"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=20242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=20242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=20242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}