Hedera price forecast: HBAR risks 15% drop as it slips back into consolidation range

Cryptocurrencies traded in the red today as Chinas DeepSeek dumbfounded the US tech industry.

????BREAKING: DeepSeek crash all crypto markets. #DeepSeek

12:02 PM · Jan 27, 2025

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The altcoin space suffered the most, with AI tokens leading the downside.

However, HBAR attracted attention as it slipped back into a prolonged consolidation range.

Hedera plunged from a daily high of $0.34 to the $0.29 low.

The altcoin has breached the key support barrier at $0.33, signaling overwhelming bearish sentiments.

The move has sparked worries about HBARs near-term performance.

The altcoin has dipped into the $0.33 – $0.25 consolidation range (again).

The prevailing bias signals continued slumps toward the consolidation ranges lower border at $0.25.

That would translate to a nearly 17% decline from the current HBARs price.

Faded investor enthusiasm supports a bearish trajectory

Technical indicators suggest investor skepticism about Hederas near-term performance.

The Average Directional Index confirms weak strength with a decline beneath the key 25 mark.

That shows that the previous upward trend has lost steam.

Further, the faded momentum reveals the prevailing uncertainty about HBARs performance in the upcoming sessions.

The Chaikin Money Flow fails to close above zero (0) after sliding from 0.10 to press times -0.18 over the past two days.

Source – TradingView

The CMF measures capital entering and leaving the assets ecosystem.

Hederas case shows reduced money flowing into the project, signaling a dwindled investor confidence.

The 4H Moving Average Convergence Divergences bearish crossover with the signal line highlights bearish dominance.

Also, the Parabolic SAR supports the downward narrative, with dots above the candles suggesting seller advantage.

HBARs current price action

Hedera trades at $0.305 after losing 9.46% within the past day.

Chart by Coinmarketcap

The surged 24-hour trading volume potentially indicates increased activity from sellers.

These players could reduce their exposure as HBAR dropped below the vital support zone of $0.33.

Failure to regain the foothold could catalyze continued dips to the consolidation ranges lower limit – $0.25.

That would translate to a more than 15% slide from Hederas current price.

Why are cryptocurrencies crashing today？

Digital assets endured a bloodbath today as a flash crash saw assets plummeting by double-digit values.

Bitcoin touched the $97,800 low, while PEPE, VIRTUAL, and SHIB lost over 20%.

The latest DeepSeek developments contributed to the market crash.

the AI model has rattled the global tech industry due to its massive demand in the United States.

Chinas DeepSeek is a rival to ChatGPT and has stirred conversation about its low-cost infrastructure.

Its massive success has triggered worries about the demand for the United States highly-priced chips from firms like AMD and Nvidia.

These updates triggered panic selling in the financial space, catalyzing notable price dips.

Meanwhile, analysts forecast swift rebounds after the flash crash.

There we go. The real stories surrounding DeepSeek start to come out about the governmental money that has been spend on it. Markets bouncing back quickly, including $TAO and #Altcoins. I think that this will continue. $ETH/BTC to rotate up. Dont worry.

4:11 PM · Jan 27, 2025

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Bitcoin has reclaimed $100,000, trading at $101,184. However, the wild volatility demands trader caution.

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