HBAR Declined 2.5% to $0.1480 Breaking Key Support Amid Volume Surge
CoinDesk
HBAR dropped 2.5% to $0.1480, breaking key support on a significant volume surge indicating heavy distribution.Summary
HBAR experienced a sharp 2.5% decline, falling from $0.1518 to $0.1480 after breaking a critical support level, which triggered further selling. This move was accompanied by a massive spike in trading activity, with 168.9 million tokens changing hands—a 94% increase above average—suggesting heavy institutional distribution. Despite underlying optimism regarding Hedera's planned Wrapped Bitcoin integration to boost DeFi capabilities, technical factors currently dominate the price action. The price action has formed a clear descending channel, reinforcing the bearish outlook, and the immediate crucial level for bulls to defend is support at $0.1457.
(Source：CoinDesk)