HBAR Drops 0.6% to $0.18 Amid Indecisive Trading Session

HBAR fell 0.6% to $0.1849 during a volatile trading session, navigating a range of $0.1775 to $0.1865. This decline broke a critical support level at $0.1775 amid rising selling pressure. The trading session saw significant intraday volatility of nearly 5%, reflecting traders' probing of key support and resistance zones. Trading volume surged, hitting 85.9 million tokens, which is 47% above the average, indicating heightened selling interest as the price neared resistance at $0.1860. Although it initially found support at $0.1775, a final hour sell-off pushed HBAR lower, signaling a short-term bearish outlook. Despite this technical weakness, Hedera maintains strong enterprise relevance, bolstered by partnerships with major companies like Google Cloud and IBM, indicating ongoing institutional interest in the blockchain sector.

Source 🔗