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 an unsuccessful early recovery attempt. This situation is seen as a negative impact caused by a broad decline in the cryptocurrency market.

Trading volume peaked during the resistance test at 69.18 million tokens, 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 and directed the price towards a critical resistance. But whether this short-lived increase will be sustainable remains a question.