Hedera Slides to Lowest Point in a Year as Crypto Market Plunges

Core Insights - Hedera's price declined by 5.8% from $0.1202 to $0.1127, indicating a bearish trend as technical selling pressure outweighed early buying interest [1] - The trading volume surged to 69.18 million tokens, an 86% increase over the 24-hour average, as HBAR tested critical resistance at $0.1194, leading to a significant sell-off [2] - HBAR is currently trading at its lowest point since November 2024, following a selloff driven by institutional flows [3] Technical Analysis - Critical resistance is established at $0.1194, with fresh support at $0.1121 after a late-session reversal, and deeper support at $0.11 [4] - A peak trading volume of 69.18 million tokens confirmed the integrity of the resistance level, while a 750% volume spike at session close indicated renewed institutional interest [4] - The price remains within a consolidation range of $0.1129 to $0.1193, with a breakout above $0.1194 targeting the previous high near $0.1218 [5]