according to the materials from the site - By Coinwy
HBAR, trading in the range of $0.22 to $0.24, risks losing support at $0.20 amid ongoing market volatility and institutional selling pressure.
The uncertainty surrounding HBAR is due to institutional maneuvers and macroeconomic factors, which could significantly impact its price stability and investor sentiment. Market dynamics are defined by macroeconomic events and technical consolidations, increasing uncertainty regarding future changes.
Development leaders – Mance Harmon and Lemon Baird from the Hedera Governing Council. They are focused on compatibility with Ethereum and decentralization through core network updates. These efforts continue despite sparse direct comments from key executives regarding price fluctuations.
Institutional sell-offs have led to increased market volatility, affecting many assets, including HBAR. The situation has been exacerbated by growing concerns about inflation following the recent release of U.S. Producer Price Index data. Market sentiment regarding a short-term recovery remains cautious. The financial implications are evident: asset liquidation in cryptocurrency markets has reached $460 million. Sell-offs have also affected ETH and BTC, causing a ripple effect in the sector. Meanwhile, HBAR's initiatives for institutional adoption remain positive but underscore market volatility.
HBAR trading volume surged to 85.82 million during major sell-offs. Historical trends indicate a potential rebound, but current volatility highlights investor caution. Previous fluctuations reflect today's challenges; however, compatibility with Ethereum remains a strategic goal for Hedera.
Market dynamics reflect a strengthening institutional reorientation and macroeconomic factors. Analysts emphasize the importance of structured technical analysis despite ongoing uncertainty. The community anticipates how future trends in decentralization and EVM compatibility will develop.
EGRAG Crypto, analyst: 'Technical analysis is the foundation of everything in trading. Having a structured plan based on technical analysis is crucial, even if the targets are questionable.'
