Hedera ( HBAR ) falls 12%: Investors flee as prices weaken

Hedera Hashgraph ( HBAR ) continues to fall, losing 12% of its value in the past 30 days. As we move into September, both on-chain and technical indicators show that HBAR remains weak, with very few signs of bouncing back. The current question is whether this altcoin can withstand increasing downward pressure or will continue to plummet further?

Retail investors are indifferent, smart investors withdraw

According to Santiment, the popularity of HBAR on social media has been continuously falling over the past month, indicating limited interest. The current index is at 0.74%, down 55% compared to 30 days ago.

The social dominance ratio of HBAR | Source: SantimentThe social dominance ratio measures the frequency with which an asset is mentioned across social media platforms, forums, and news channels compared to the rest of the market. When this metric increases, it indicates that the token is attracting more attention and discussion.

Such increases often occur before price surges, as increased interest in an asset typically attracts new buyers and creates upward momentum. Conversely, when this index falls, the asset is gradually disappearing from the broader market conversation. The decline reflects individual investor apathy, which can lead to lower demand for HBAR and reduced price support levels.

Meanwhile, the smart money index (MSI) of HBAR is also trending down, indicating that major holders are reducing their exposure. At the time of writing, the index is at 1.108.

SMI of HBAR | Source: TradingViewThe SMI index of an asset measures the activity of experienced investors or institutions by analyzing market behavior during the first and last trading hours. When this index rises, it indicates increased buying activity from investors, signaling that they are becoming more confident in the asset and vice versa. This reflects a bearish sentiment or expectations that HBAR will plummet from important holders, delaying any potential short-term bounce back.

Bears HBAR target 0.18 dollars, but breakout could push the price above 0.26 dollars

The indicators above show a decrease in investor interest, a weakening presence on social media, and support from major players cooling down. If this trend continues, the price of HBAR may continue to fall and drop to the level of $0.188.

HBAR Price Analysis | Source: TradingViewHowever, if new demand for this altcoin increases, the bearish outlook mentioned above will no longer be accurate. In that scenario, HBAR could reverse, surpassing the $0.221 level and rising towards $0.263.

Minh Anh