Hedera hashgraph eyes 30% crash

The Hedera hashgraphaph token crashed below the key level of support, signaled that the bears prevailed.

Hedera hashgraph (Hbar) fell low from $ 0.177, his lowest level of 1. December last year. This year, it slammed over 57% of its highest level.

The fall of the HBaric price price dropped with the fall of total assets in its decentralized financial ecosystem. Data That the total value locked in their Deficide Defi crashed to 531 million HBarl Tokens, down from last year’s high 1.33 billion.

Most Dapps lost property in their ecosystem in the last few months. Stider, a premium liquid liquid, shed 11% of its property in the last 30 days to $ 81 million. Bonzo finance shed 6.8% of its property, while Heliswap and Hbarsuite also lost property.

Hedera’s App Income also continued to fall in the last few months. In March, it was only $ 9,700, until December to $ 124,000.

The only potential potential catalyst for hedera price is the potential HBAR ETF Approval by the Securities Commission and the exchange of securities. Such approval would lead to several demand of American institutional investors.

Technical analysis of the price of HBARNA

Technical indicators indicate more drops of Hedera hashgraph. It moved below key support to $ 0.18,18, a key level of support that failed to move below February of February this year. The movement below that level is a sign that the bears prevailed.

Hedera also formed a death sample, such as a 200-day and 50-day movement of transition facing each other. It was also moved below 61.3% of the level of retrenches of the Fibonacci, where most withdrawals occur.

Therefore, the road of the least resilience for the HBAR is downwards. The next goal is $ 0.1200, an indentation point of 78.6%, which is about 31% below the current level.