Hedera (HBAR) reached a year-low of $0.1127 on Sunday, driven by significant selling pressure that outpaced early buying interest. The cryptocurrency's price fell below $0.1218, with trading volume surging 86% to 69.18 million tokens. HBAR briefly tested $0.1194 before a selloff led to further declines.
Institutional trading activity contributed to both the initial decline and a subsequent partial recovery. As the broader cryptocurrency market experiences downward pressure, Hedera remains a key altcoin to monitor for potential volatility and investment opportunities.
Hedera Hits Year-Low as Crypto Market Faces Downturn
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
