The price of Hedera’s native token has fallen below key resistance levels, experiencing a notable 4% decline that mirrors the broader downtrend among altcoins. This drop is attributed to increased institutional selling during critical reversal periods. Hedera, a blockchain protocol known for fast and secure digital transactions, has gained popularity due to its unique features. However, recent decreases in the overall altcoin market capitalization have also impacted Hedera’s value. The rising volume of institutional investors, often signaling sudden price shifts, is considered a major factor behind the current bearish trend. Volatility is common in cryptocurrency markets, but large-scale trading activity tends to have an immediate and significant impact on prices. The recent decline suggests that investors are adopting a cautious stance amid growing market uncertainty. In such an environment, investors are advised to exercise careful analysis and prudence, as unexpected price fluctuations remain frequent. Looking ahead, if global financial markets do not stabilize, further declines in Hedera and other altcoins are possible. Nonetheless, the increasing adoption of blockchain technology across various sectors may support long-term appreciation in Hedera’s value.
Source: coindesk
