HBAR Drops Alongside Broad Crypto Market Amid Volume Spike

Hedera's token, HBAR, retreated by 2.2% during Thursday's session, with technical selling overriding speculation surrounding a potential institutional product like the Canary Capital Group HBAR ETF. The token decisively broke below the critical $0.1380 support level on a volume spike that was 47% above the daily average, accelerating around 09:00 GMT. Bears pushed prices to session lows near $0.1367, and the token briefly tested the $0.1354 support floor before recovering slightly to around $0.1361. While technical indicators suggest oversold conditions, bearish momentum persists as traders await clearer signals. Key technical levels show primary support at $0.1354, with resistance forming between $0.1380 and $0.1391. Failure below $0.1354 could trigger deeper retracements.

(Source：CoinDesk)