Hedera HBAR's Lowest Level of the Year

Hedera HBAR Thought Journey

Hedera (HBAR) has declined from $0.1202 to $0.1122, breaking an important support level after a failed early recovery attempt. This situation is seen as a negative impact resulting from a widespread downturn in the cryptocurrency market.

Trading volume peaked at 69.18 million tokens during the resistance test, but has shown a significant decrease in recent hours. This indicates that investors' confidence in the market is shaken.

A recent increase has broken the downward trend line, directing the price toward a critical resistance. However, it remains to be seen whether this short-term rise will be sustainable.