Hedera’s HBAR token remains under heavy pressure as price action continues to weaken across multiple time frames.
The token is down roughly 26% over the past month and nearly 67% on a year-on-year basis.
HBAR is now trading near levels last seen in October 2024, bringing multi-month lows back into focus.
Technical structure shows a confirmed bear flag breakdown on the four-hour chart.
A bear flag typically signals trend continuation rather than a reversal.
HBAR broke below the flag structure near the $0.109 level and failed to stage a meaningful rebound.
The breakdown has so far been accepted by the market.
Based on the height of the flagpole, downside projections point to a potential move of around 28%.
That projection places possible downside targets between $0.079 and $0.068.
These levels align with price zones last traded in October and November 2024.
As a result, the move carries the risk of establishing fresh multi-month lows.
The technical picture would only weaken if price were to reclaim the lower trendline of the broken flag.
Until then, downside risk remains active.
Exchange flow data reinforces the bearish setup.
Buying pressure has steadily collapsed over recent weeks.
On Dec. 5, net exchange outflows showed dip buying, with more than 4 million HBAR leaving exchanges.By Dec. 24, net outflows had fallen to just over 300,000 HBAR.
That represents a collapse of more than 92% in net buying pressure.
The data suggests buyers have largely stepped away despite falling prices.
In several instances, exchange inflows turned positive, indicating renewed selling.
Analysts say this behaviour reflects panic exits rather than accumulation.
When a bear flag breakdown coincides with vanishing demand, continuation risk increases.
This dynamic explains why the current zone has not attracted strong dip buyers.
However, one outlier metric offers limited hope for a short-term pause.
Social sentiment around HBAR has collapsed sharply.
Positive sentiment fell from nearly 77 in late October to around 1.6.
That represents a drop of almost 98%, signalling extreme disinterest.
Historically, similar sentiment troughs have preceded brief relief rallies.
Previous examples produced short-term gains of 12% to 14%.
Those rebounds occurred when structural selling pressure was lighter.
Current conditions differ as weak sentiment now coincides with technical breakdowns and low demand.
Analysts warn that extreme negative sentiment can persist in weak markets.
HBAR is now at a critical decision point.
As long as price remains below $0.109, downside targets remain in play.
Any relief bounce would likely be short-lived without a return of buying pressure.
A sustained recovery would require reclaiming higher resistance levels.
Until then, the broader trend remains decisively bearish.
At the time of reporting, Hedera price was $0.1107.