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Hedera HBAR Tests Key $0.24 Support as Crypto Markets Show Caution
Hedera HBAR Tests Key $0.24 Support as Crypto Markets Show Caution
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera's HBAR is hovering near a crucial $0.24 support level amid broader crypto market bearishness. The token's 3% daily decline aligns with Bitcoin's pullback, intensifying pressure on altcoins.
Trading volume dropped 22% to $867 million while open interest fell 8.6%, indicating reduced speculative activity. Derivatives traders remain cautious despite technical indicators suggesting potential upside toward $0.308-$0.322 resistance areas.
Current market conditions reflect a clear risk-off approach, exemplifying the adage: 'When Bitcoin sneezes, altcoins catch pneumonia' - with HBAR's technical situation perfectly demonstrating this dynamic.
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