Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are all in the red as the cryptocurrency market continues its losing streak. HBAR, the native coin of the Hedera ecosystem, also extended its losses and now trades below $0.10, down by nearly 4% since Monday. Weakening on-chain and derivatives data support a bearish outlook alongside an unfavourable technical outlook. On-chain and derivatives data support bearish bias HBAR has lost the $0.103 support level and is now trading at $0.09313, down by nearly 4% in the last 24 hours. The bearish performance comes amid bearish derivatives data and negative sentiment in the market. Santiment’s Social Dominance metric for Hedera currently shows a bearish bias.
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