Hedera (HBAR) has experienced a significant price drop of 11.63% in the past 24 hours, marking a substantial reversal from its recent recovery. This downturn aligns with a broader selloff affecting the cryptocurrency market, driven by factors like Bitcoin’s decline towards the $70,000 support level and global economic complexities spurred by US tariffs. The altcoin crash has impacted numerous tokens, including HBAR which dropped to $0.13575 from its peak of $0.157 earlier in the day. 268.17% increase in trading volume suggests market volatility, but technical indicators remain mixed. While a descending channel is evident on the price chart, Hedera’s Moving Average Convergence Divergence (MACD) indicator shows that MACD line remains above signal line, indicating potential for an upward movement. However, the RSI value of 26.65 reveals an oversold situation. This raises questions about whether Hedera can recover from this recent crash and stabilize its price in the coming days. Similar downturns have been witnessed in other altcoins like SUI and DOGE, further highlighting the volatile market conditions.