HBAR Declined 2.5% to $0.1480 Breaking Key Support Amid Volume Surge

HBAR experienced a significant decline of 2.5%, dropping from $0.1518 to $0.1480, breaching an important support level. This downturn has triggered a wave of selling, underlined by a remarkable surge in trading volume that reached 168.9 million tokens, indicating a 94% increase over average levels. As selling pressure intensified, HBAR further decreased to $0.1472, amidst a 180% uptick in volume during this decline phase. Despite optimistic news regarding the Wrapped Bitcoin integration expected to enhance Hedera’s DeFi capabilities, the bearish technical pattern dominated the market. Key technical levels now show a primary support at $0.1457, which bulls need to defend to stabilize the price action. Short-term charts depict a descending channel as lower highs are formed, reinforcing the current bearish sentiment and potential for continued downward pressure if the support fails to hold.

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