Selling Pressure Pushes HBAR Down 3%, Holding Steady at $0.24

HBAR Retreats on Selling Pressure, Institutional Backing Supports Long-Term Outlook

Hedera’s HBAR token fell from $0.25 to $0.24, a 3.38% decline, driven by concentrated selling in overnight sessions. Trading volumes exceeded 55 million, signaling short-term bearish momentum.

Despite the drop, HBAR stabilized around $0.24 late in the session, forming a minor ascending triangle with repeated support tests. Institutional partnerships with Google, IBM, and Boeing, along with energy-efficient Hashgraph technology, provide a long-term bullish backdrop.

Analysts note that while short-term sentiment remains cautious, the consolidation could signal a base for potential recovery once buyers regain control.