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 following a failed attempt at an early recovery. This situation is seen as a negative impact caused by a broad downturn in the cryptocurrency market.

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

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