HBAR plunges 6% before sharp recovery signals buying opportunity

Hedera’s HBAR token experienced notable volatility, dropping 6% during trading and ranging between 0.242 USD and 0.228 USD, marking a 5.83% move.

A significant selloff corresponded with high trading volume at 169.5 million tokens. Institutional buying at 0.228 USD reinforced market stability and initiated a rebound back to 0.237 USD.

The emerging support above 0.236300 USD and recent consolidation indicate a strengthening foundation, suggesting an upcoming breakout as institutional flows bolster lower price levels.

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