HBAR is currently experiencing a significant decline, down 15% within the last week, reaching its year-to-date low as stablecoin liquidity dwindles on the Hedera network. This lack of liquidity suggests declining user engagement and high demand for the token.
Recent data shows that the stablecoin supply on Hedera has collapsed to 41 million USD, indicating an over 80% drop from prior levels. This decline in liquidity further reflects a noticeable slowdown in overall market activity with crucial resistance levels identified at 0.15 USD and 0.17 USD.
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