HBAR Declines 2.5% Breaking Key Support Amid Volume Surge

HBAR's price decreased by 2.5%, falling from $0.1518 to $0.1480, breaching a critical support level. This decline was accompanied by a significant surge in trading volume, with 168.9 million tokens changing hands—a 94% increase over average volume. This spike in activity coincided with increased selling pressure, pushing HBAR further down to $0.1472, another 2.2% drop. The bearish trend has been indicated by a series of lower highs within a descending channel. Despite some optimism surrounding Hedera's Wrapped Bitcoin integration aimed at bolstering DeFi capabilities, market technicals remain overwhelmingly negative, with the next major support identified at $0.1457. Traders are advised to watch for resistance at $0.1488 to gauge potential stabilization efforts.

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