HBAR Drops 0.6% to $0.18 Amid Indecisive Trading Session
CoinDesk
Hedera's HBAR token slipped 0.6% to $0.1849 during a volatile session marked by high volume selling near resistance.Summary
Hedera's native token, HBAR, experienced a 0.6% drop to $0.1849 during a volatile Tuesday session, testing the lower boundary of its recent trading range with nearly 5% intraday volatility. Trading volume spiked to 85.9 million tokens, 47% above average, confirming selling pressure near the $0.1860 resistance zone. Although HBAR briefly found support at $0.1775, renewed selling in the final hour pushed prices below crucial support, establishing a short-term bearish tone. This technical weakness contrasts with Hedera's strong institutional positioning, evidenced by partnerships with Google Cloud, IBM, and Boeing, suggesting institutional focus might be shifting to regulatory-friendly alternatives.
(Source：CoinDesk)