Hedera HBAR News: Price Drops Sharply, Faces Selling Pressure at $0.35

[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]

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Hedera (HBAR) has experienced a significant price drop over the past 24 hours, encountering strong selling pressure around the $0.35 mark. The cryptocurrency recorded a decline of approximately 2.78%, reaching a low point close to $0.32. Additionally, Hedera’s trading volume has decreased by 36.7% in the last 24 hours, amounting to $627 million. Looking at a broader timeline, Hedera’s price fell below $0.39 on December 3rd and has been on a downward trajectory since. However, after maintaining a stable range between $0.23 and $0.25 for some time, the cryptocurrency has shown signs of recovery, resisting further price decreases. Despite this, Hedera’s market capitalization has decreased by 3.5% to $12.5 billion in the last 24 hours. It’s worth noting that there has been a noticeable surge in buying demand for Hedera (HBAR) as Trump takes over. Buyers are struggling to maintain the price stability around the $0.35 level, indicating a potential shift in market sentiment.