- HBAR down 12% in the past 30 days with social dominance falling 55%.
- Smart Money Index also trending down, showing reduced confidence from big holders.
- Bears target $0.1885, but a breakout above $0.2212 could send HBAR toward $0.2636.
Hedera’s HBAR hasn’t been able to shake off its losing streak. Over the past month, the token has dropped another 12%, setting a sour tone as September kicks in. With both technicals and on-chain metrics flashing weakness, traders are left asking if HBAR can hold up under the pressure—or if more pain is just around the corner.
Retail Interest Fades, Smart Money Steps Back
Fresh data from Santiment shows HBAR’s social dominance slipping to just 0.74%, down 55% over the last 30 days. That’s basically how often it gets mentioned online compared to other coins, and when the number sinks this low, it usually means the hype has faded. Without chatter and buzz, retail interest dries up, which often drags demand down with it.
It’s not just retail pulling back. The Smart Money Index (SMI), which tracks how seasoned or institutional players behave during early and late trading hours, has also been sliding—now sitting at 1.108. A falling SMI hints that bigger holders are quietly trimming their positions, showing a lack of confidence in near-term upside. Put simply, the folks who usually lead the market aren’t betting on HBAR right now.
Key Levels to Watch: Breakdown or Breakout?
For the moment, bears are eyeing $0.1885 as the next likely target if the weakness keeps up. If that support gives way, things could unravel further. Still, not all hope is gone. A fresh wave of demand could flip the script—if HBAR can break above $0.2212, a rally toward $0.2636 isn’t off the table.
That puts HBAR in a delicate spot: fading buzz, cautious smart money, and technical signals leaning bearish, yet the potential for a surprise reversal if buyers step in. Traders will be watching closely to see which side wins out as September unfolds.
