Hedera price performance during the previous intraday session was surprising to many. A clear reason for this is that the entire crypto market, so a significant change in the trajectory, and most cryptocurrencies flipped several levels and climbed to their seven-day high. However, the altcoin under consideration failed to follow this trend.
A look at its price action during that timeframe shows that it failed to register any significant increases or decreases. Instead, trading action was represented by a doji. This also comes after it retraced to a low of $0.052. Nonetheless, it rebounded and ended the day at 0.056.
During the current intraday session, the asset is showing no signs of an uptrend. it succumbed to the bearish sentiment across the crypto market. As a result, it dropped to a low of 0.052 and is trading a little above it at the time of writing. As the end draws closer, HBAR may close at its current value which indicates a more than 4% decrease in value.
Hedera Struggles to Hold Critical Support
Due to the most recent downtrend, the altcoin is edging towards a retest of a critical support. This is the 0.0520 barrier. In recent times, this mark held out against three attempts. The first major one happened on the 17th of August when the coin dropped from 0.062 to a low of 0.052. The next one hapenduring the biggest intraday session and the most recent what happened
