Hedera HBAR News: Price Drops Steeply, Trading Volume Decreases

[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]

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Over the past 24 hours, Hedera (HBAR) has experienced a significant price drop, facing selling pressure at around $0.34. The cryptocurrency recorded a decline of approximately 4.2%, reaching a low of nearly $0.325. Furthermore, Hedera's trading volume has decreased by 33.8% within the same timeframe, amounting to $483 million. Looking at a broader timeline, Hedera's price fell below $0.39 on December 3rd and has continued to decrease since then. However, after maintaining a steady range between $0.23 and $0.25 for a period, Hedera has shown signs of recovery, halting further price declines. Its market capitalization has decreased by 4.4% to $12.75 billion in the last 24 hours. Additionally, the long/short ratio for HBAR has also seen a decrease. Despite an increase in interest for purchasing Hedera (HBAR) following Trump's presidency, the price of HBAR has not exhibited any notable positive movement.