HBAR Slips 2.6% to $0.1691 as Support Test Draws Heavy Volume

HBAR, Hedera’s native token, experienced a decline of 2.6%, dropping from $0.1736 to $0.1691, as sellers maintained control. The decline occurred within a range of $0.0101, indicating a largely technical-driven market response without significant fundamental triggers. A notable spike in trading volume, 63.6 million tokens—32% above average—occurred as HBAR approached critical support at $0.1688, suggesting potential renewed institutional interest. Following this, HBAR formed a double-bottom pattern, hinting at an early trend reversal. Key resistance levels are identified at around $0.1770, while near-term targets are set between $0.1720 and $0.1730. A sequence of higher lows emerged, underscoring the possibility of a recovery in price dynamics if sustained volume and buying pressure are maintained. These developments reflect a growing resilience in the token as it navigates through current market conditions.

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