Analyst warns HBAR faces drop to 7.2 cents if key support breaks

Hedera ’s native token HBAR may see its price slide toward 7.4 to 7.2 cents if it fails to maintain support near the 8 cent mark, according to market analyst Cilinix. In a recent analysis, Cilinix highlighted several factors suggesting the late-September recovery lacks the necessary market momentum and buying pressure to sustain current price levels. The immediate focus for HBAR is the 8 cent support level. This zone aligns with several technical references, including the point of control for the previous month, a round-number price marker, and the developing yearly value-area low.

Source: CoinTurk News