The native token of Hedera Hashgraph, HBAR, has been trading in a tight range since February, reflecting the overall market consolidation. The lack of movement has led spot and futures traders to reduce their exposure, increasing the risk of a downward break for the altcoin. HBAR has faced resistance at $0.24 and found support at $0.22. The bearish pressure is getting stronger, with a potential break below the support level. Declining open interest and persistent outflows from spot markets indicate reduced market participation and selling pressure. The Super Trend indicator on the daily chart shows significant resistance at $0.30, indicating a bearish trend. If selling pressure continues, HBAR's price could fall to $0.16, but new demand could push it above $0.24 and toward $0.30.



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