HBAR Price Drops 1.7% to $0.170 as Technical Support Fails - Market Analysis

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Bearish

HBAR Price Drops 1.7% to $0.170 as Technical Support Fails - Market Analysis

HBAR cryptocurrency declined 1.7% to reach $0.170 as crucial channel support levels broke down. The technical breakdown signals potential further downside for Hedera Hashgraph's native token as traders monitor key resistance levels. This price movement reflects ongoing market volatility in the altcoin sector, with HBAR showing weakness against major cryptocurrencies. Market analysts suggest watching the $0.165 level as the next potential support zone for HBAR price action.
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