HBAR Plummets, Testing November 2024 Lows

Hederas HBAR experienced a notable drop, plummeting nearly six percent on Sunday, as selling pressure overwhelmed buyer interest, pushing its price from over twelve cents to just under eleven cents. The decline was triggered by a surge in trading volume, reaching nearly seventy million tokens, an 86% increase, as HBAR tested a key resistance level near eleven point nine four cents. This resistance level rejection led to a wave of selling, breaking through established support levels, and resulting in a decrease in trading volume, suggesting fewer large institutional investors were involved. HBAR is now trading at its lowest point since November 2024, excluding a brief spike during a liquidation event in October.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.