HBAR has experienced a significant price decline, dropping to $0.1200 after a three-day retreat from a weekly high of $0.1337. The token has fallen 60% from its peak in July last year and 70% from its highest point in January. Technical analysis indicates further downside potential, with HBAR trading below key support levels and moving averages, suggesting a bearish trend. Hedera's network metrics continue to weaken, with its DeFi Total Value Locked (TVL) decreasing to $127.6 million from nearly $400 million last year. The network's stablecoin supply and DEX volume also remain low compared to other blockchain platforms. Additionally, the Canary HBAR ETF has seen no recent inflows, highlighting a lack of demand from investors. Overall, HBAR faces significant technical and fundamental challenges, with its price likely to continue declining unless it surpasses the resistance level at $0.15.