HBAR, the native token of the Hedera network, dropped 4.82% on June 24, trading at $0.07402, according to BraveNewCoin data. The token moved within a daily range of $0.07395 to $0.07810, with a market capitalization hovering around $3.22 billion and a 24-hour trading volume of $66.8 million.
The intraday session saw HBAR open near $0.077 and gradually drift lower. Early attempts to reclaim $0.078 were rejected, and an acceleration in selling volume pushed the price below the $0.076 support level. HBAR then slid to a new short-term low around $0.0735, extending a downtrend that began on June 16.
The $0.073–$0.074 area now acts as immediate support. A breakdown below this zone could open the door toward $0.070 and the prior consolidation range near $0.068. On the upside, resistance remains firm between $0.077 and $0.078, a zone that sellers have successfully defended in recent sessions.
Momentum indicators reinforce the bearish bias. The MACD line fell to roughly -0.00085, well below the signal line at -0.00058, while the histogram remained negative at about -0.00027. Chaikin Money Flow (CMF) stood at -0.37, indicating that selling volume outweighed buying volume throughout the measured period. The persistently negative CMF suggests that buyers have yet to step in with enough force to spark a sustained reversal.
Comparisons with Amazon’s stock performance after the dot-com bubble add a longer-term perspective. Analyst Vuori Trading noted a similar market-cap structure, where both assets bottomed after an early speculative high and consolidated above a rising trendline. However, the pattern is not a guarantee—Amazon’s recovery was driven by revenue growth, while HBAR’s valuation will depend on network usage, adoption, token circulation, and the broader crypto market.
In the short term, the outlook remains bearish. Sellers are in control, and a move back above $0.077–$0.078 would be needed to signal a potential trend reversal.
