Hedera HBAR Tests Key Support at $0.24 Amid Market Pressure

[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN] Hedera HBAR News - HBAR declined 3.38% over the past 23 hours, sliding from $0.25 to $0.24 as sellers dominated NEAR resistance levels. Trading volumes surged to 55.91 million at 19:00, reflecting intense selling pressure. The token briefly attempted a recovery on September 18 but failed to sustain momentum, breaking below key support zones. Market sentiment remains fragile, with bears in control as buyers struggle to reclaim lost ground. Consolidation near $0.24 suggests temporary stabilization, though directional clarity awaits further price action. Institutional backing from Google, IBM, and Boeing lends credibility, but trading volumes still trail competitors like Solana. HBAR's energy-efficient Hashgraph technology positions it as a contender in the blockchain space, with low-cost, high-speed transactions appealing to utility-focused investors. The broader market downturn continues to weigh on short-term performance.