Hedera (HBAR) is moving in a downward consolidation phase following the emergence of bearish power after the recent rally. Furthermore, the derivative data also points to decreasing potential for the HBAR price forecast, with the declining open interest and volume. According to CoinMarketCap, as of Thursday, May 7, HBAR is currently trading at $0.09142, with a 24-hour loss of 1.49%.
Source: CoinMarketCap
HBAR Derivative Data Point to Decreasing Momentum
According to Coinglass, the HBAR open interest declined 8.40% to $122.28 million, indicating reduced trader exposure. HBAR price forecast remains cautiously bearish, with potential downside pressure if momentum weakens further.
Market sentiment suggests consolidation, while liquidity conditions and participation trends continue to soften across derivatives markets.
Source: Coinglass
Trading volume dropped 41.54% to $153.11M, reflecting significantly lower market activity and weaker participation. This decline signals reduced liquidity and fading momentum, suggesting traders are adopting a cautious stance as overall engagement in the market continues to contract sharply further.
Also Read: Hedera Hashgraph (HBAR) Holds Near Support as Triangle Formation Signals Continued Uncertainty
HBAR Price Forecast: Liquidity Sweep Fuels Potential Rally
Furthermore, the crypto analyst Scient revealed that HBAR is showing early signs of strength after sweeping liquidity below the value area low and quickly reclaiming key levels.
The recent HBAR price forecast suggests a potential continuation if support holds, with market structure turning bullish as the point of control flips into support and buyers regain short-term control in current market conditions, momentum building.
Source: Scient’s X Post
The participants are keenly observing whether this move can take the token higher, especially with higher lows seen on a decreasing time frame.
The HBAR price forecast is slightly optimistic at this point with the next level to watch out for being $0.108, which may attract buyers. However, a pullback below the newly established support area would negate the setup.
HBAR Momentum Indicators Support Bullish Outlook
According to TradingView, HBAR has experienced a strong downtrend, and it is now experiencing a stable period.
The token had hit its high above $0.13 at the beginning of 2026 before settling in a pattern of lower highs, eventually finding support at around $0.078. It is expected that the bullish HBAR price forecast will move towards the $0.18 level in the coming days.
Source: TradingView
As far as technical indicators are concerned, the trend looks moderately positive. The RSI stands at 55.52, which implies that momentum is gaining but not yet overbought.
Meanwhile, the MACD indicator shows a fresh bullish crossover with a rising green histogram. With a bolder HBAR price forecast, piercing the $0.10 resistance might eventually take the token to $0.35.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Hedera (HBAR) Falling Wedge Formation Hints at Possible Reversal Rally to $0.22
