HBAR Price Drops 8% After Rejection at $0.20 Resistance Level - Technical Analysis

The HBAR cryptocurrency experienced significant selling pressure after failing to break through the crucial $0.20 resistance level. The digital asset's price declined approximately 8% following the unsuccessful rally attempt. Market analysts are monitoring the $0.20 resistance zone as a key psychological barrier for HBAR. This price rejection suggests potential bearish momentum in the short term, with traders watching for support levels to hold. The failed breakout attempt indicates continued resistance at this price point, potentially leading to further consolidation or downward movement in HBAR's price action.