HBAR Slides Below Key Support, Forms Ascending Triangle at $0.24
HBAR dropped 3.38% to $0.24, breaching support at $0.25 and testing lower thresholds amid heavy institutional selling. Volumes peaked at 55.91 million, indicating strong liquidation pressure.
Despite the pullback, HBAR formed an ascending triangle with higher lows at $0.24, suggesting potential consolidation and a base for future price moves. Resistance remains near $0.24, with traders watching closely for breakout opportunities.
The token’s underlying Hashgraph infrastructure, combined with institutional partnerships, continues to provide long-term growth potential.
