Hedera's HBAR token is in a tough spot. It dropped below a key support level at $0. 145, landing at $0. 1373. This drop turned a neutral market into a bearish one. The last hour of trading saw a sudden halt, with no volume recorded. This raises questions about liquidity and technical issues.

Earlier, there was a big spike in volume near $0. 1486, but the buying momentum didn't last. The token tried to bounce back from $0. 1382, but it couldn't keep the momentum going. Now, $0. 1382 is a critical support level, and $0. 1445 is a resistance level if it tries to recover.

The breakdown below $0. 1440 puts the token at risk of falling further. The trading suspension adds to concerns about market depth and liquidity. The consolidation range between $0. 1446 and $0. 1477 is no longer valid. The V-shaped recovery pattern from $0. 1382 also failed to sustain momentum.

The total trading range of $0. 0096 (6. 5%) suggests increased volatility. The breakdown below $0. 1440 targets support at $0. 1382. A recovery faces immediate resistance at $0. 1445, the former support level. The zero-volume trading halt indicates severe liquidity stress.

HBAR TOKEN

Hedera's HBAR Token Faces Tough Times as Market Takes a Hit

Continue reading...