HBAR price has remained in a narrow range in the past few weeks. Hedera was trading at $0.0915, down by over 77% from its 2025 high. The coin may be on the cusp of a strong bearish breakdown amid rising key risks.
Hedera Faces Major Unlock as ETF Inflows Slow
The HBAR price is facing some major headwinds in the near term. The first main one is the upcoming large token unlock that releases billions of tokens.
This quarter, over 3.7 billion tokens will be unlocked, increasing the total number of tokens in circulation to over 46 billion. This is expected to be one of the largest unlocks ever. Token unlocks usually put pressure on a cryptocurrency by increasing its circulating supply, and this event may affect the token accordingly.
Hedera price is also facing a major headwind in that spot; HBAR ETF inflows have slowed substantially in the past few months. The funds have added just $2.3 million this month, bringing the total net assets to over $53.9 million. The total assets are well below the cumulative inflows of $96 million.
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Most importantly, Hedera’s network is struggling, with total value locked (TVL) below $60 million. This is a small amount in an industry with nearly $90 billion in assets. It is also much lower than many new networks like Plasma and Monad.
The network’s stablecoin supply has also plunged from over $140 million to $58 million today. Again, this is a tiny amount considering that the industry has over $320 billion in assets.
Also, it is a tiny amount since Hedera launched the Stablecoin Studio platform to help companies launch their stablecoins. These numbers show that, despite its partnership with some of the top crypto companies, Hedera is a ghost chain.
HBAR Price Technical Analysis
The weekly timeframe chart shows that the HBAR price has been in a downward trend in the past few months, moving from a high of $0.4012 in January last year to $0.091 today.
Hedera token has dropped below all moving averages, a sign that bears are in control. It also formed a double-top-like pattern, a common bearish reversal sign.
The token remains below the Supertrend indicator. Therefore, HBAR price will likely have a strong bearish breakdown in the near term, potentially to the next key support at $0.050.
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