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Hedera HBAR Approaches Yearly Low Amid Stablecoin Liquidity Crisis
Hedera HBAR Approaches Yearly Low Amid Stablecoin Liquidity Crisis
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
HBAR is hovering near its year-to-date low, with potential for further decline as network liquidity diminishes. The stablecoin supply on Hedera has sharply decreased to $41 million, marking an 80% reduction from last month's peak of $216 million—indicating reduced user activity and capital inflows.
The token currently trades below its Ichimoku Cloud, a critical momentum indicator, with resistance levels established at $0.15 and $0.17. Market analysts view the outflow of stablecoins as a bearish indicator, pointing to sustained selling pressure unless there's a swift rebound in network demand.
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