HBAR Falls 3% as Market Selling Mounts, Finds Support Near $0.24

HBAR Falls 3% Amid Heavy Selling, Finds Support Near $0.24

Hedera’s HBAR token declined 3.38%, dropping from $0.25 to $0.24 amid intense selling activity. Trading volumes spiked to 55.91 million during peak sessions, highlighting short-term bearish pressure.

The token stabilized near $0.24 by the session’s close, forming an ascending triangle pattern with repeated support tests, signaling tentative consolidation. Analysts note that overcoming immediate resistance around $0.24 will be key for a potential recovery.

Institutional endorsements from Google, IBM, and Boeing continue to support HBAR’s long-term outlook, with its energy-efficient, low-cost, and high-speed Hashgraph technology offering a competitive advantage in the blockchain space.