HBAR Sinks Near $0.11 Despite High‑Profile McLaren F1 Partnership

23-Jan-2026 Crypto Economy

TL;DR

  • Hedera (HBAR) trades near $0.11 after a 2.2% daily gain, but volume fell 41% to $107M, reflecting lower trading activity.
  • The token recently printed intraday lows near $0.10 after losing the $0.12 support; the technical rebound to $0.115 failed to sustain volume or traction.
  • Market capitalization stands around $4.7 billion, down 65% from the July 2025 peak; TVL sits at $61.5M.

Hedera (HBAR) posted a volatile session and is trading near $0.11 following a 2.2% daily increase, according to the latest CoinMarketCap data. Trading volume declined 41% to roughly $107M, pointing to reduced market activity.

The short-term move follows a bearish sequence that pushed the token to intraday lows close to $0.10. After a sharp drop on January 19, HBAR staged a technical rebound toward the $0.115 area, but failed to sustain volume consistently. Price remains below the levels seen at the beginning of the month, when the asset lost the $0.12 support.

HBAR Coinmarketcap

HBAR’s performance remains aligned with broader crypto market dynamics. Bitcoin continues to trade below $90,000, having reached lows of $87,700. Its current price stands at $89,700. This backdrop weighed on a large share of altcoins and limited short-term rebounds, including in projects that reported market-relevant announcements.

Hedera announced a multi-year partnership with McLaren Racing, making the network an official partner of the Formula 1 team. Several crypto companies have signed sports sponsorship deals in recent years, although the announcement did not translate into an immediate shift in the token’s price dynamics.

HBAR Fell 68% Over the Past Year

From a technical perspective, HBAR continues to trade below all major moving averages and maintains a descending structure from the $0.35 highs recorded in January last year. The $0.11 area acts as the immediate reference following the latest rebound, while the $0.10 zone draws attention as both a psychological and technical level. October lows sit around $0.0976.

HBAR-PRICE-

Hedera’s market capitalization stands near $4.7 billion, representing a decline of roughly 65% from the peaks observed in July 2025. Meanwhile, the network’s total value locked is around $61.5M, and the stablecoin supply contracted by 16% over the past week.

In the derivatives market, futures traders increased short positions. At the same time, ETF-related inflows linked to HBAR remain absent

Also read: Europe’s Trade Bazooka Makes Digitap ($TAP) the Altcoin to Buy with 124% Staking APY
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