HBAR, the native token of the Hedera network, experienced a slight decline of 0.3% to $0.2010 on Tuesday, as sellers maintained pressure near a critical resistance level. The trading volume for HBAR surged to 249 million tokens, marking a 137% increase above the average, suggesting significant distribution activity around the $0.2055 mark.
The token's price movement was confined within a narrow $0.0124 range, with support at $0.1938 proving resilient against multiple tests. The presence of a descending trendline and a pattern of lower highs indicate ongoing bearish momentum for HBAR.
HBAR Faces Resistance at $0.2010 as Trading Volume Surges
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