HEDERA PRICE has a dangerous blow over the past few weeks. In only five weeks, HBAR has decreased by 30 %. It is not slowing down. In the past three days alone, the distinctive symbol has lost another 15 %. What is exactly what happens with HBAR, and should it be anxious holders?
This is the exact question that was addressed in a new video clip by Crypto ZX YouTube channel. Focus full video HEDERA’s recent procedures in pricesThe current chart structure, and what may happen after that. It connects HBAR movements to the broader encryption market and makes some major notes on support levels and the effect of Bitcoin on Altcoins.
Market conditions are exacerbated
Crypto ZX begins to remind viewers that the public encryption market is struggling. According to him, all gains from the week and a half have now been eliminated. Bitcoin leads the shipment, but in the wrong direction. While the BTC price has recently decreased by 4 %, its dominance increases quickly and is now dealing with the highest annual level.
Why is this important for HBAR? Because the height of bitcoin usually means that money leaves altcoins. So even small declines in Bitcoin price can lead to much larger losses in the Altcoin market, including HEDERA.
Update HBAR prices and technical collapse
As of the time of the video, HBAR was circulating all over 0.154 dollarslowest 8.8 % per day. It was also about 5.6 % compared to bitcoin. The total market ceiling was sitting in 6.5 billion dollarsWith about 240 million dollars in 24 -hour trading volume.
From a technical point of view, the price is now sitting less than 78.6 % The level of retreat Fibonacci. This is a major area and according to Crypto ZX, so HBAR is a brief period 0.15 dollarsWhich is now working as temporary support. Now, the market is in a battle between bulls and bears. If this support gives way, we can see more from the downside.
The following support levels for the HBAR price
Crypto ZX notes that the following main support lies in 0.141 dollars. If the current price fails 100,000 dollarsThen moving to this level is very possible.
It is estimated that the decline from the current region to $ 0.141 will be additional 8.53 % loss HBAR holders. He also confirms that if Bitcoin does not remain above 106,700 dollarsLeave the door open to more negative aspect, with which Hbar can pull with.
While the current scenario seems bad, it leaves space for a possible reflection. It indicates that the market is still fighting and that things can be transformed quickly if Bitcoin finds stability and Altcoin’s feelings.
Final ideas on HBAR Selloff
The HBAR price collapse does not occur in isolation. It is deeply associated with broader encryption trends, especially the Bitcoin movement and its growing domination. Although there is still an opportunity to recover, HBAR must quickly restore lost support levels to avoid another leg down.
Also read: The collapse of the encryption market? During your panic, these traders download millions in ETH
Crypto ZX signs his viewers that this is a volatile moment for the entire market. Hbar is in a critical area, and merchants should be seen closely. If the bulls lose this battle, 0.141 dollars It becomes the next main level to watch.
Whether you are a short -term trader or a long -term holder, it is now a suitable time to stay on alert and track how bitcoin moves. Because at such times, what happens to BTC is likely to determine what is happening to HBAR.
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