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Hedera HBAR Breaks Critical Support, Targets $0.08 as Bearish Momentum Intensifies
Hedera HBAR Breaks Critical Support, Targets $0.08 as Bearish Momentum Intensifies
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera Hashgraph's HBAR token is facing increased bearish pressure after decisively breaking below a key support level at $0.09208. Analysts are now eyeing a potential MOVE toward $0.08. The altcoin's modest 1.48% gain over the past 24 hours provides little relief, especially as trading volume reached $361 million against a market capitalization of $3.93 billion.
Technical analysis indicates HBAR has exited its previous consolidation range, a move that CryptoPulse states has fundamentally shifted the market structure. The analyst noted, "Any rebound toward the $0.10 to $0.105 zone now presents short-term selling opportunities," suggesting bearish control will persist unless these higher price levels are reclaimed.
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