The price of Hedera's HBAR cryptocurrency has sharply declined by 17% in the past week and is currently valued at $0.21. The low demand for HBAR is evident in its open interest, which has reached its lowest level of the year. The decreasing open interest indicates a decrease in leveraged positions, which may lead to further price dips. The bearish outlook is supported by the token trading below the dots of its Parabolic Stop and Reverse indicator, suggesting a continuing downtrend. HBAR has also fallen back into a descending parallel channel, indicating renewed downside pressure. If demand remains low, the price could drop to $0.16, while a resurgence in demand could drive the price to $0.24.



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