Hedera HBAR Value Declines Amid Fluctuations in the Crypto Market

Hedera HBAR Price Drop

Hedera (HBAR) dropped from $0.1391 to $0.1360 during the last trading day, breaking the critical $0.1380 support level. This situation has caused concern among investors and indicates a reshaping of market dynamics.

High Trading Volume

During the technical breakdowns, the trading volume increased by over 47% compared to the average. This suggests that investors are active in the market and remain cautious about potential price movements.

New ETF Applications

In addition, it has been reported that new Exchange Traded Fund (ETF) applications have been submitted for Hedera. These applications were made alongside those for Litecoin (LTC) and Dogecoin (DOGE) tokens. This is considered an important step in increasing Hedera's market interest.