Hedera (HBAR) experienced a 1% decline over the past 24 hours, contributing to a nearly 8% drop over the week. The cryptocurrency's price fell below the $0.132 mark, approaching the $0.124–$0.123 range. This decline is accompanied by a significant increase in transaction volume, reaching 166 million HBAR, which is 175% above the average, indicating substantial selling pressure. The market has seen lower highs since December 11, suggesting a bearish trend for HBAR. Elevated trading volumes reflect ongoing pressure from larger holders. Meanwhile, altcoins are generally underperforming as Bitcoin's dominance rises to 58.56%, and the Altcoin Season Index drops to 20, its lowest point since April 2025.