Hedera Hashgraph (HBAR) is under significant pressure amid volatile market conditions. Currently priced at $0.223, the coin remains below its historical high, reflecting the influence of a bearish trend.
Current HBAR Price Overview
Hedera HBAR is priced between $0.2216 and $0.2427 over the last 24 hours. The market cap stands at $8.53 billion with a total supply of 50 billion coins. Despite a significant decline from its all-time high of $0.5701, the potential for long-term investments in the project remains attractive.
HBAR/USD Price Analysis
The HBAR/USD market is experiencing a period of consolidation with a recent drop in prices. The support is maintained in the $0.220–$0.230 range, but market pressure persists. The bearish trend is confirmed by the 9-day and 21-day moving averages, as the altcoin market weakens.
HBAR/BTC Consolidation
The HBAR/BTC pair shows short-term bearish pressure, trading at 232 SAT, slightly above a critical support level at 950 SAT. Moving averages indicate bearish pressure, although the overall uptrend remains intact due to buyers defending the trendline.
In conclusion, despite Hedera's strong fundamentals, including increased Total Value Locked (TVL), ongoing market pressure warrants caution. Investors should closely watch key support and resistance levels to assess potential price recovery opportunities.
