HBAR Slides to Lowest Point in a Year as Crypto Market Plunges
Hedera's HBAR token dropped to a one-year low amid a broader crypto market plunge, despite a late-session volume surge suggesting a potential reversal.Summary
Hedera's cryptocurrency, HBAR, declined by 5.8% from $0.1202 to $0.1127 during Sunday's session, establishing a clear bearish structure after failing to hold gains above $0.1218. This price action, which pushed HBAR to its lowest point since November 2024 (excluding a brief October event), was accompanied by a massive 86% surge in trading volume as the token tested critical resistance near $0.1194, leading to a cascade of selling through established support levels. Although institutional selling dominated initially, a significant 750% volume spike at the session close indicated renewed institutional interest and a late-session reversal attempt. Key technical levels are $0.1194 resistance and $0.1121 support; a breakout above resistance targets $0.1218, while a failure at support risks a retest of $0.11.
(Source：CoinDesk)