Crypto Rout Pushes Hedera to Yearly Low

Hedera Slides to Year-Low Amid High-Volume Resistance Rejection

Hedera (HBAR) dropped 5.8% on Sunday, falling from $0.1202 to $0.1127 as technical selling pressure outweighed early buying attempts. The cryptocurrency failed to sustain gains above $0.1218, forming a bearish pattern dominated by profit-taking near key resistance levels.

Trading volume surged to 69.18 million tokens at 20:00 UTC on Dec. 14, an 86% jump above the 24-hour average of 32.8 million, as HBAR tested resistance at $0.1194. The rejection triggered heavy selling that pushed prices below established support. Subsequent sessions showed declining volume, signaling waning institutional participation.

Late-session activity suggested a potential reversal, placing $0.1194 as the critical near-term battleground. Outside of a brief spike during October’s liquidation, HBAR is now at its lowest level since November 2024.

Technical Overview

• Support/Resistance: Key resistance at $0.1194; short-term support at $0.1121, with deeper support near $0.11.
• Volume: High-volume rejection confirmed resistance, while a 750% surge near session close indicated renewed institutional interest.
• Chart Patterns: Descending trendline from $0.1218 broken, though price remains in a $0.1129–$0.1193 consolidation range.
• Outlook: Breakout above $0.1194 targets $0.1218; failure to hold $0.1121 risks a retest of $0.11.

HBAR’s trajectory hinges on the interplay between institutional flows and key technical levels, determining whether the market continues downward or sees a rebound.