HBAR experienced a significant decline of 6.68% over 24 hours, dropping from $0.26 to $0.24 amid intense market volatility and heavy trading volumes exceeding 109 million tokens. This sell-off was triggered by broader market conditions, including $460 million in liquidations and concerning U.S. inflation data, which indicated a rise in the Producer Price Index to 3.3%. Despite the short-term downturn, analysts maintain a long-term bullish outlook, projecting price targets between $0.40 and $0.50. Compounding the situation, Binance integrated HBAR into its BNB Smart Chain, improving cross-chain interoperability and access to smart contracts, although this has arrived during a phase of price resistance around $0.252.

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