Crypto Market Watch: Hedera Down 9% Dogecoin 11% and Stellar 7% in 24 Hours

HBAR Declines Deepen: Hedera fell nearly 9% as late-session selling pushed its market cap below $9.7B, despite rising trading volumes.

DOGE Under Heavy Pressure: Dogecoin dropped over 11%, slipping under $0.21 as increased activity confirmed intensified bearish momentum.

XLM Volatility Persists: Stellar slid 7% with sharp price swings, while higher volumes underscored fragile sentiment and potential further downside.

The crypto market endured another wave of sharp losses as Hedera, Dogecoin, and Stellar all faced steep 24-hour declines. Rising volumes highlighted heavy trading activity, but the momentum largely favored sellers, signaling continued weakness across major tokens. With bearish pressure dominating and limited signs of recovery, the broader market remains under strong downside risk in the near term.

Hedera Extends Declines with Increased Volume

Hedera (HBAR) traded at $0.2276 after falling 8.99% in the past 24 hours, pushing its market cap to $9.64 billion. The one-day chart highlighted steady declines that accelerated in late hours, sending the circulating market cap to $9.66B. This trend confirmed sustained bearish pressure despite increased market activity.

Trading volume rose 15.49% to $382.3M, showing that selling activity intensified while price weakness persisted. With this spike, traders engaged heavily during the downtrend. The increased participation reflected a market responding strongly to the fall in price levels.

HBAR’s circulating supply stood at 42.39B out of the total 50B maximum supply, leaving limited room for future issuance. With this supply, the token showed intensified downside momentum. Unless fresh buying demand enters the market, further price weakness could extend in the short term.

Dogecoin Faces Strong Selling Pressure

Dogecoin (DOGE) was trading at $0.2085, a decrease of 11.01 percent in the last 24 hours, and had a decreased market cap of 31.42B. The one-day chart showed a continuous decline with the prices going down, especially in the late sessions, to fall below 0.21. This slump strengthened a heavy bearish movement of the token

However, despite the dip in price, 24-hour trading volume increased 17.61 to reach the 3.59B mark, which indicates that people are more active in the market than during the upturn. The rise in volume reflected active participation as selling pressure grew stronger. Market sentiment aligned with strong downside movement, leaving prices vulnerable to further weakness.

Dogecoin’s supply reached its total circulation of 150.66B tokens, which limited flexibility for supply expansion. With the full supply circulating, momentum remained under pressure from broad market conditions. Unless renewed buying emerges, Dogecoin could see its decline deepen in the near term.

Stellar Shows Volatile Trading Pattern

Stellar (XLM) traded at $0.3821 after recording a 7.09% decline in the past 24 hours, with market cap falling to $11.97B. The one-day chart showed volatility with sharp gains followed by deep losses, eventually driving the token lower by late August 25. These movements reflected a market struggling to maintain upward traction.

Trading volume rose sharply by 22.94% to $374.6M as participants reacted strongly to price swings. The increase in activity highlighted that market players continued to engage heavily during volatility. This pattern confirmed that sentiment remained highly reactive to short-term fluctuations.

Stellar’s circulating supply stood at 31.34B out of 50B maximum supply, showing that a significant portion remained in play. This structure created pressure as the token faced heavy activity during downturns. Without stronger support, the bearish trend could push Stellar further below key levels.

Market Context

The broader digital asset market experienced sharp declines across major tokens, highlighting persistent selling pressure and weak recovery signs. Rising volumes confirmed increased participation, yet most moves favored sellers. Unless positive demand returns, the bearish trend may continue shaping near-term conditions.