Hedera's HBAR dropped by 5%, technical reversal signals are being observed.

Notable Drop in Hedera HBAR

Hedera's HBAR token has experienced a 5% decrease, dropping from $0.1932 to $0.1835. This decline occurred with the loss of the $0.1900 support level, resulting in a significant change in market sentiment.

During this process, trading volume increased by 86% above average, reaching 114.18 million tokens. Resistance at the $0.1951 level triggered intense selling pressure.

Despite the drop, an optimistic higher-low pattern for HBAR is observed on the hourly charts. Key resistance levels are between $0.1850 and $0.1860, while the support level continues to hold around $0.1835.