HBAR Drops 0.6% to $0.18 Amid Indecisive Trading Session
HBAR declined by 0.6% to $0.1849 in a volatile trading session, testing the lower end of its trading range between $0.1775 and $0.1865. The token broke below the crucial support level of $0.1775 during increased selling pressure in the final hour. The session saw significant volatility, with nearly 5% intraday fluctuations as traders assessed key support and resistance levels. Trading volume reached 85.9 million tokens, indicating heightened selling interest near the $0.1860 resistance. Despite HBAR's bearish technical outlook, the project maintains strong institutional partnerships with companies like Google Cloud and IBM, highlighting its relevance in the blockchain sector. Following the breakdown, the immediate downside target is set at $0.1840-0.1845, while a recovery above $0.1860 could lead to a retest of the session's highs.
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