HBAR has encountered a sharp 7% drop following a strong liquidation event across the crypto market, marking a significant downturn for Hedera’s native token amidst heavy trading and mounting macroeconomic stress.

Over the past 24 hours, HBAR slipped from $0.26 to $0.24, a 6.68% loss, with trading activity soaring to over 109 million tokens—almost double its average daily volume. The heaviest losses occurred during overnight sessions as selling intensified, driving prices lower at an unusually fast rate.

Massive Liquidations and U.S. Economic Data Impact Prices

According to analysts, a broader wave of liquidations—totaling roughly $460 million—hit various crypto assets, with HBAR caught in the crossfire. The heightened volatility was further aggravated by concerning U.S. inflation data, particularly the Producer Price Index rising to 3.3%, signaling increased economic strain and prompting cautious behavior across digital asset markets.

While the short-term outlook looks rocky, market experts remain optimistic over Hedera’s long-term prospects. Target ranges for a possible recovery extend between $0.40 and $0.50, though short-term turbulence remains a looming risk. Analysts advise traders to brace for sharp swings as the market continues to interpret both macroeconomic pressures and liquidity trends.

Binance Integration Adds Utility But Can’t Counter Immediate Pressure

Amidst the breakdown, news that Binance has integrated HBAR into its BNB Smart Chain ecosystem offers a strategic tailwind for long-term development. The move is expected to enhance cross-chain functionality, allowing tokens to move more freely and enabling broader access to decentralized applications and smart contracts.

This step underscores Hedera’s goal of improving interoperability across blockchain platforms. Yet, the positive implications of this adoption arrive during a challenging stretch as HBAR continues to struggle near the $0.252 resistance zone.

The HBAR/USD chart indicates notable volatility and compression zones during a high-volume sell-off session.

Chart Dynamics Indicate Volatile Trading and Key Levels

Technical indicators from the most recent session highlight a cumulative trading range of $0.018, representing 6.93% of the intraday high. Resistance has built up near $0.252, where multiple attempts to break higher failed.

Key support appeared around the $0.240 mark, providing brief price stability. With trading volumes surging to 109 million tokens—well above the 24-hour average of 58.5 million—the market saw a dramatic rise in activity.

During the final 20 minutes of trading, price action froze at $0.243 with minuscule volume, raising concerns over either a technical market pause or sudden loss of liquidity. Prices then showed compression resistance near $0.245, with transient support emerging at approximately $0.242 before the session closed.

What to Expect Moving Forward

Although immediate market sentiment leans bearish, the integration of HBAR into broader crypto frameworks like Binance’s network could reinforce its long-term viability. Traders should remain alert for possible whipsaws as liquidity recovers and the broader market continues to absorb macroeconomic shockwaves.

Related: XRP Set for Explosive Breakout: 1B Accumulation, Japan Crisis & ETF Surge

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