Hedera HBAR Lost 11% in Value Due to Selling Pressure

The Decline of Hedera HBAR Continues

Hedera's HBAR cryptocurrency experienced a decline from $0.18 to $0.16 between October 16-17, resulting in a loss of %11.15. During this period, the trading range was recorded at %12.74.

The most significant drop occurred between 6:00 AM and 8:00 AM on October 17. During this time frame, as the trading volume increased, the prices fell from $0.17 to $0.16.

The support level is forming around $0.16, while the resistance level is considered to be $0.17. This situation indicates a potential for short-term consolidation despite the current bear market.