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

Notable Decline in Hedera HBAR

The Hedera HBAR token has experienced a decline of 5%, dropping from $0.1932 to $0.1835. This decline occurred alongside the loss of the $0.1900 support level, significantly impacting market sentiment.

During this process, the trading volume surged, reaching 114.18 million tokens, which is 86% above the average. The resistance at $0.1951 triggered intense selling pressure.

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