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Hedera Faces Pressure as Regulatory Winds Shift and Bears Take Control

Hedera's (HBAR) price has faced significant pressure today, driven by a bearish sentiment in the futures market. Short sellers have taken a dominant position, with the long/short ratio falling below 1, indicating a strong expectation of further price declines. Technical indicators such as the Ichimoku Cloud and MACD suggest continued downward momentum, reinforcing the bearish outlook. The altcoin has been on a steady decline since reaching a four-year high in January, and the current market dynamics suggest that it could slip below the critical $0.20 level.

The broader regulatory environment in the U.S. is also contributing to the negative sentiment surrounding HBAR. The FDIC's recent announcement of overhauling its crypto guidance has added to the uncertainty. Acting Chairman Travis Hill revealed that the agency is reconsidering its previous stance, which had kept banks at a distance from crypto-related activities. This regulatory scrutiny has created a challenging environment for cryptocurrencies, including HBAR, as investors remain cautious about potential impacts on market access and liquidity.

HBAR's price has dropped by 4.95% today, reaching a low of $0.238157.