HBAR tumbled on heavy volume as broader market liquidations fueled sharp volatility, but long-term bullish targets remain intact.
"HBAR plunges nearly 7% amid intense overnight institutional sell-off, hitting strong resistance near $0.252 on record volume over 109 million tokens."HBAR price fell 6.68% in 24 hours, sliding from $0.
26 to $0.24 on unusually heavy trading volumes exceeding 109 million tokens, well above the daily average. Analysts warn of near-term volatility driven by $460 million in liquidations and hotter U.S. inflation data, though long-term price targets remain between $0.40 and $0.50. Binance integrated HBAR into BNB Smart Chain, enhancing cross-chain interoperability and expanding smart contract accessibility across multiple blockchain ecosystems. 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 registered an aggregate trading range of $0.018, constituting 6.93% of peak valuation during the session.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.Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence toCoinDesk Analytics is CoinDesk's AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets. All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk's editorial team before publication. The tool synthesizes market data and information fromCoinDesk Analytics operates under CoinDesk's AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk's approach to AI-generated content in ourOliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.Bitcoin and Ethereum prices have fallen, with BTC down 1.1% and ETH down 3.8% in the last 24 hours. Market sentiment is cautious ahead of the Jackson Hole symposium, where Fed Chair Jerome Powell is expected to address inflation concerns.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ukraine suffers heavy casualties in new wave of Russia attacksUkraine reports at least 20 fatalities while more than 40 people were wounded following a fresh wave of Russian attacks reportedly targeting prisons, hospitals and residential areas.
Read more »
Polkadot's DOT Suffers 5% Decline as Intensified Selling Pressure Overwhelms MarketSupport has now been established in the $3.55-$3.58 range, with resistance at the $3.68 level.
Read more »
Box Office: ‘Fantastic Four’ Lords Over ‘Bad Guys 2,’ ‘Naked Gun’ But Suffers Sharp DeclineThe Marvel superhero pic tumbled 66 percent in its sophomore outing domestically, compared to a 53 percent drop for DC's 'Superman.'
Read more »
Diamond prices decline amid US tariff uncertaintyThe industry experienced price volatility following President Trump's announcement of 25 percent duties on Indian imports.
Read more »
Brooklyn’s Black church choirs persist amid attendance decline, gentrificationNEW YORK (RNS) — On Sunday mornings in Brooklyn, nicknamed the borough of churches, the muffled sounds of choir singers, hand‑claps and Hammond organs can be heard from the sidewalks.
Read more »
HBAR Swings 6% as Institutional Activity Signals Support and Resistance LevelsHedera’s token rebounded sharply from overnight lows before retreating on heavy selling, as ETF filings and cross-chain integrations underscored growing institutional engagement.
Read more »