HBAR's price has experienced a significant decline of nearly 47% over the past three months. According to NS3.AI, this downturn is attributed to a continuous decrease in the total value locked (TVL) within Hedera's network, coupled with weak demand from both institutional and retail investors. While the Chaikin Money Flow indicates some selective accumulation, the absence of ETF inflows and a breakdown in market participation, as measured by On-Balance Volume, suggest heightened selling pressure.
Technical analysis indicates that HBAR could face an additional 30% decline unless there is a recovery in TVL and a resumption of ETF inflows to support potential price rallies.