HBAR Slides to $0.2010 as Volume Soars 137%, Signaling Institutional Distribution
Hedera’s HBAR token edged lower on Tuesday, slipping 0.3% to $0.2010 as sellers reemerged near the $0.2055 resistance zone. Despite a brief rally to $0.2059, upside momentum faded, and the token traded within a tight $0.0124 range for most of the session.
Trading activity surged to 249 million tokens, a 137% increase over the daily average, indicating heightened institutional distribution at resistance levels. While support at $0.1938 has held through multiple retests, a sequence of lower highs at $0.2044, $0.2032, and $0.2017 underscores ongoing bearish pressure.
Volatility spiked early in the afternoon, with rapid swings between $0.2015 and $0.2029, as bursts of high-volume trades triggered temporary pauses in execution. The $0.2014 pivot now defines short-term direction, with traders watching whether buyers can maintain the $0.1938 support amid weakening sentiment.
The selloff followed Tuesday’s Nasdaq debut of a spot HBAR ETF, which initially lifted demand before profit-taking took hold.
Technical Summary
Support / Resistance
- Key support: $0.1938, repeatedly defended.
- Major resistance: $0.2055, rejected on high volume.
Volume & Market Structure
- 249M tokens traded, +137% vs. average.
- Pattern: Descending trendline with lower highs.
Outlook
- Downside: A break below $0.1938 may trigger further losses.
- Upside: Bulls must reclaim $0.2017 and $0.2055 to shift sentiment.
