Hedera News: HBAR Slides 11% as Selling Pressure Deepens

Hedera's native token, HBAR, experienced significant downward momentum over a 24-hour period, falling from $0.18 to $0.16, marking an 11.15% decline. The heaviest selling occurred on October 17 between 06:00 and 08:00, pushing the price to test support near $0.16, while resistance formed at $0.17. Despite volatility and brief recovery attempts in the final hour of trading, the persistent bearish pattern of lower highs suggests that consolidation around the $0.16 range may be necessary before any potential price reversal can occur. This decline mirrored broader weakness across the digital asset market.

(Source：CoinDesk)