HBAR Plunges 11.5% as Institutional Selling Breaks Key Support
Hedera’s HBAR token dropped 11.5% on Tuesday, falling from $0.1426 to $0.1281 amid intense institutional selling. A massive 250.3 million-unit sell-off at 07:00 GMT—nearly double the 24-hour average—smashed the $0.1350 support, triggering a cascade of stop-loss orders. The decline highlights that technical flows, not fundamentals, drove the session, despite ongoing network development.
The downtrend accelerated as HBAR recorded consecutive lower highs and rising volume, repeatedly testing the $0.1277 support zone. Resistance has now hardened near $0.1400, creating a bearish market structure that mirrors weakness across the broader crypto market. Tuesday’s break of $0.1350 marked a key turning point, showing how institutional positioning dictated price action.
Capitulation intensified in the final trading hour, with HBAR sliding from $0.1317 to $0.1277. Sharp volume spikes of 8.76 million and 11.13 million units occurred in quick succession before activity stalled at the session low. This freeze suggests either aggressive buyer absorption or a technical pause, potentially setting the stage for a reversal if buying pressure returns, even as bearish momentum dominates.
Key Technical Levels
- Support/Resistance: Critical support sits at $0.1277–$0.1281, while resistance remains at $0.1400. The $0.1350 breach has converted former support into resistance.
- Volume Analysis: Institutional selling surged 98% above average, confirming smart money distribution over retail panic.
- Chart Patterns: A descending channel remains intact, with successive lower highs and lower lows breaching key Fibonacci levels.
- Targets & Risk/Reward: If support fails, the next downside target is $0.1250, while recovery attempts face resistance near $0.1350
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