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% drop from $0.1932 to $0.1835. This decline occurred alongside the loss of the $0.1900 support level, creating a significant shift in market sentiment.

During this process, trading volume surged to 114.18 million tokens, exceeding the average by 86%. The resistance at $0.1951 triggered intense selling pressure.

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