Hedera Hashgraph (HBAR) has experienced a 23% decline in price over the past week, leading to concerns of a potential crash. The altcoin is struggling to break above the $0.40 mark, and its social dominance has decreased significantly. Traders and investors are shifting focus towards other projects, and technical indicators suggest that HBAR may be on the verge of a bearish crossover. If market conditions remain unfavorable, HBAR could potentially decline further, breaking key support levels. However, if HBAR manages to break through resistance and surpass $0.40, it could trigger renewed buying interest and shift market sentiment in its favor.
- Content Editor ( beincrypto.com )
- 2024-12-11
HBAR’s 764% Rally Faces Reversal: Key Support Levels to Watch