Hedera developers big pump 101% but HBAR price may still fall 30%?

The recent data from the Hedera ecosystem is quite magical - the number of developers has increased by 101% year-on-year, more than doubled in two years (103%), and has risen by 85% over three years. Hackathons and the Linux Foundation have made significant efforts, pumping developers in this direction quite vigorously.

But the price is another story. HBAR is now hanging by a knife, technically it may still drop by 30%. A certain ETF has recently only added 4 million HBAR, which has set the record for the biggest pump in history, and the total holdings have shrunk to 413.3 million coins. Funds are fleeing, and there's no need to elaborate on this.

There is a downward trend line pressing on the chart. If it can break through, there might be a rebound opportunity around $0.151. But what if it can't hold this current position? Then we would have to look for the next support area around $0.13 to $0.125.

At the same time, the Maxi Doge presale surprisingly raised 4.1 million dollars, with an annualized return rate marked at 74%. This kind of return rate is like a vampire in a bear market, and a significant amount of funds are estimated to have been withdrawn from underperforming assets like HBAR. The market is this realistic; no matter how good the data looks, if the price doesn't rise, funds will vote with their feet.