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Hedera HBAR Slides 2.5% Amid Market-Wide Selloff, But Long-Term Fundamentals Remain Strong
Hedera HBAR Slides 2.5% Amid Market-Wide Selloff, But Long-Term Fundamentals Remain Strong
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera HBAR faced significant selling pressure, declining 2.46% from $0.244 to $0.238 between August 18 and 19. The token broke through key support levels after an initial spike to $0.243 was met with heavy liquidation, confirmed by a 5.38 million volume surge. Trading volatility saw HBAR swing between $0.249 and $0.237 on over 87 million in volume.
Macroeconomic headwinds exacerbated the decline as the U.S. Producer Price Index rose to 3.3%, exceeding Fed forecasts and triggering $460 million in crypto liquidations. Despite short-term fragility, analysts point to HBAR's enterprise infrastructure and institutional partnerships as catalysts for long-term adoption.
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