Hedera (HBAR) has experienced steady outflows from its spot market, indicating a lack of confidence in the cryptocurrency. The surge in selling pressure raises concerns about its ability to stay above the $0.20 support level. Investors have withdrawn over $17 million from HBAR spot markets in the past week, with only one inflow recorded. These outflows suggest a bearish market sentiment as traders opt to exit positions rather than accumulate more of the asset. The token's negative weighted sentiment, which analyzes online platforms to gauge sentiment, further supports this bearish outlook. HBAR's price has declined by 48% since reaching a four-year high on January 17, and it currently trades at $0.21. If the downtrend continues, the price could drop below $0.20 to $0.17, but a resurgence in demand could invalidate this projection and push the price to $0.26.



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