Hedera HBAR's Yearly Lowest Level

Hedera HBAR Thought Journey

Hedera (HBAR) has declined from $0.1202 to $0.1122, breaking a significant support level after a failed attempt at early recovery. This situation is considered a negative impact caused by a widespread decline in the cryptocurrency market.

Trading volume peaked at 69.18 million tokens during the resistance test but has shown a notable decrease in recent hours. This indicates that investor confidence in the market has been shaken.

A late surge, however, broke the downward trend line, directing the price towards a critical resistance level. However, it remains to be seen whether this short-term increase will be sustainable.