HBAR lost 1.7% in value and dropped to the level of $0.170.

Hedera Hashgraph (HBAR) token experienced an increase of over 87% compared to the average trading volume of the last 24 hours. HBAR could not maintain above the resistance level of $0.1716, resulting in a loss of value. This afternoon, a sharp wave of selling caused the token to break the ascending support at the $0.170 level. This situation confirms a bearish trend in the short term.

Repeated unsuccessful bounces and declining peaks indicate a possible distribution phase. The current trend for investors may indicate a more permanent downward trend rather than a temporary correction.