HBAR faced strong downward pressure in the last 24 hours, slipping 6.68% from $0.26 to $0.24, while trading activity surged past 109 million tokens—nearly double the daily average. The steepest drop occurred during overnight sessions, when sellers accelerated outflows and forced prices down at a pace far sharper than normal. Analysts attribute the volatility to broader market stress triggered by $460 million in liquidations, compounded by U.S. economic data showing the Producer Price Index rising to 3.3%.
Despite near-term weakness, market strategists maintain a bullish long-term outlook for Hedera’s native token. Targets remain set between $0.40 and $0.50, though traders are being warned of potential turbulence in the interim. With sentiment gauges pointing to overheated conditions, technical watchers caution that sharp swings remain likely as the market digests both macroeconomic headwinds and sudden liquidity shocks.
Meanwhile, Binance has moved to integrate HBAR within its BNB Smart Chain infrastructure, a step designed to improve cross-chain interoperability. The development will enable smoother asset transfers and expand access to smart contracts across blockchain ecosystems, bolstering Hedera’s utility. Still, the integration arrives as HBAR consolidates under resistance, underscoring the challenge of balancing long-term adoption narratives with short-term market pressures.
HBAR/USD (TradingView)
Technical Metrics
- HBAR registered an aggregate trading range of $0.018, constituting 6.93% of peak valuation during the session.
- Robust resistance consolidated proximate the $0.252 threshold with multiple rejection attempts.
- Support infrastructure identified near $0.240, furnishing temporary price stabilisation.
- Trading volumes exceeded 109 million tokens, markedly surpassing the 24-hour average of 58.5 million.
- The terminal 20-minute period exhibited complete market paralysis at $0.243 on negligible volume, suggesting potential technical disruptions or acute illiquidity conditions.
- Distinct resistance consolidation emerged around $0.245 during the final trading hour.
- Provisional support materialised near the $0.242 level preceding market stagnation.
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