HBAR price risks a downward spiral as Hedera’s ecosystem woes persist
HBAR price has rebounded in the past few days, moving from the year-to-date low of $0.0725 to the psychological level at $0.100.
- The HBAR price has crashed by 67% from its 2025 high.
- The network’s ecosystem growth has stalled.
- Technical analysis suggests that the Hedera price has further downside in the near term.
Hedera (HBAR) remains well below last year’s high of $0.3025 and the November 2024 high of $0.4012.
The recent rebound followed Hedera’s addition of FedEx to its governance council. It joined other top companies like Tata Communications, Google, Mondelez, ServiceNow, and IBM. All these companies have historically pledged to use Hedera’s technology in their decentralized products.
The risk, however, is that third-party data indicate that Hedera’s ecosystem is much smaller than those of newer crypto projects such as Monad, Plasma, Hyperliquid, and Provenance.
Hedera’s decentralized finance ecosystem has a total value locked of just $58 million, with most projects showing no activity. This is despite Hedera being capable of handling over 1,000 transactions per second and having much lower fees than other chains.
Hedera also has a negligible market share in the stablecoin industry, with its total supply down to $68 million from last year’s peak of over $300 million. The stablecoin supply across all chains has jumped to over $300 billion.
Hedera has no market share in the booming Real-World Asset tokenization industry, which has accumulated over $24 billion in assets under management. Ethereum has the largest market share, with over $17 billion in assets, and is followed by other popular chains such as BNB, Solana, and XRP Ledger.
These metrics likely explain why the Canary HBAR ETF has struggled to attract assets. It has had no inflows since February 9, while its total assets have dropped to $51.3 million. Hedera’s futures open interest has also continued to fall over the past few months.
HBAR price technical analysis
The weekly timeframe chart shows that the HBAR price has been in a strong downward trend in the past few months, moving from a high of $0.3026 in July to the current $0.1.
The coin remains below all moving averages and is stuck at the Ultimate Support level of the Murrey Math Lines tool. It is also below the Supertrend and the Ichimoku cloud indicators.
Therefore, the most likely Hedera price forecast is bearish, with the next key target being the year-to-date low of $0.0725. A drop below that level will point to more downside, potentially to the all-time low of $0.036.
