HBAR token experienced a significant selloff, dropping 5% from $0.24 to $0.23 due to intense selling pressure. Trading volume peaked at 277 million tokens during the heaviest selling period, pushing prices through critical support levels. Although buyers supported the price near $0.226, attempts to recover were thwarted by resistance between $0.235 and $0.241. A notable CFTC regulatory update allowing U.S. traders access to offshore markets may provide liquidity for HBAR and similar tokens in the wake of increasing institutional interest in decentralized finance. Moving forward, traders are closely monitoring whether this regulatory shift can alleviate bearish sentiment as HBAR continues to hover around $0.23, with key support at $0.226 and critical resistance elements intact.

Source đź”—