HBAR experienced a 4.3% decline on Monday, falling from $0.1802 to $0.1725 as institutional selling during Asian trading hours broke key support levels. The trading volume surged 71% above the daily average, with 67.16 million tokens exchanged at 04:00 GMT, pushing the price briefly to $0.1688 before a slight recovery.
The token managed a 1.2% rebound to $0.1745 after surpassing short-term resistance, but the fading momentum near this level has left the sustainability of the recovery in question. The selloff highlights the impact of institutional activity on HBAR's price dynamics.
HBAR Declines 4.3% Amid Institutional Selling Pressure
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