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HBAR’s Oct. 16 Close Was 18.6% Below Oct. 1 Close as Token Trades at $0.0829

HBAR was down 4.64% over the 24 hours before the Oct. 17 snapshot. That change covers a different period from the daily-close comparison.

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An unmarked metal token tilts against a dark stone surface / TokenPost.ai
An unmarked metal token tilts against a dark stone surface / TokenPost.ai

Hedera (HBAR) traded at $0.0829 at 8:25 a.m. ET (12:25 UTC) Oct. 17, after its Oct. 16 UTC daily close came in 18.6% below the Oct. 1 close.

HBAR’s Oct. 16 UTC daily close was $0.0835, compared with $0.1026 on Oct. 1. At the Oct. 17 snapshot, the token was down 4.64% over the prior 24 hours. The closing-price comparison and the 24-hour change cover different periods.

Bollinger Bands place prices within a recent volatility range. HBAR was near the lower band, but that position alone does not establish that a reversal has started.

A prior HBAR analysis considered a conditional recovery scenario tied to Bitcoin.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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