HBAR Falls Below Key Support as Volume Spikes, Signs Point to Institutional Selling
Hedera’s HBAR dropped below crucial support on Tuesday, sliding from $0.1459 to $0.1451. The token formed a series of lower highs within a $0.0074 range, producing a 4.9% intraday swing that highlights weakening market structure.
Volume surged to 145.7 million tokens—about 73% above the moving average—during resistance tests at $0.1525, suggesting institutional distribution. A high-volume rejection at 14:07 reinforced downside momentum as HBAR broke below $0.1458.
Technical indicators now dominate sentiment: repeated failed bounces, increased selling volume, and lower highs signal potential for further downside before a recovery.
Key Levels:
- Support/Resistance: $0.1451 support; resistance at $0.1525. Breakdown below $0.1458 opens path to session lows.
- Volume: Institutional selling peaked at 145.7M tokens; reduced follow-through hints at a distribution cycle conclusion.
- Chart Patterns: Lower highs confirm accelerated downtrend; failed bounces validate breakdown.
- Targets: Next downside target at $0.1451; recovery faces resistance at $0.1458.
