Key Takeaways
Hedera's HBAR token broke below a critical support level, falling nearly 4% on February 24 amid a broader market downturn and weakening on-chain metrics.
- Price Drop: HBAR's price fell by nearly 4% to $0.09313, continuing its recent losing streak.
- Support Breach: The token decisively broke below the key $0.103 support level, a technically bearish signal for traders.
- Bearish Outlook: Negative on-chain data and market sentiment suggest a potential further decline toward the $0.08665 price target.
