đ Hedera ($HBAR ) price drops toward $0.10 despite McLaren F1 partnership
Hederaâs price fell alongside other cryptocurrencies on Friday, reaching intraday lows near $0.10.
After seeing a sharp decline on January 19, HBAR rebounded slightly to around $0.115.
However, sell-off pressure across the risk assets market has pushed bulls into the woods to leave the brief upside as a mask of a likely deeper rot.
Itâs an outlook mirrored across the altcoin ecosystem as Bitcoin struggles below $90,000.
Due to profit-taking amid macroeconomic and geopolitical headwinds, BTC has touched lows of $87,700 and currently hovers around $89,230.
đž HBAR dips despite McLaren partnership
Struggling altcoins, including HBAR, risk dragging lower. Hedera seems to have failed to capture upside momentum despite the news of a major partnership with McLaren.
The Hedera team announced a multi-year partnership with McLaren Racing on Thursday, revealing that the crypto company is now an Official Partner of the McLaren F1 Team.
đŹ âWorking with one of the worldâs most recognized sports brands is a big step for the Hedera ecosystem. It gives us a chance to show what Web3 can look like when itâs built on a network people can trust, and when itâs tied to experiences fans actually want,â said Charles Adkins, CEO of HBAR, Inc.
đž HBAR technical outlook
HBARâs chart reveals a pronounced bearish structure, with the price well below key moving averages.
The altcoin has been in a prolonged downtrend since it touched highs of $0.35 in January last year.
Technical indicators point to further downside risk, as HBAR breached the $0.12 support earlier this month and now hovers near $0.10, with oscillators like RSI trending lower. Hederaâs token is below all major averages.
Hederaâs market capitalization stands at approximately $4.65 billion, reflecting a 65% drop from July 2025 peaks, exacerbated by declining total value locked at $61.5 million and a 16% stablecoin supply reduction over the past week.
