HBAR Slides 11.5% as Institutional Selling Breaches Key Support Levels
Hedera’s HBAR token fell 11.5% on Tuesday, dropping from $0.1426 to $0.1281 as heavy institutional selling dominated the market. A massive 250.3 million-unit sell-off at 07:00 GMT—nearly double the 24-hour average—broke the $0.1350 support, triggering a wave of stop-loss orders. The move highlighted that technical flows, rather than fundamentals, were driving the session.
The decline continued with consecutive lower highs and escalating volume, repeatedly testing the $0.1277 support zone. Resistance has now solidified near $0.1400, creating a bearish market structure that mirrors weakness across the broader crypto market. Tuesday’s breach of $0.1350 became a key turning point, underscoring the impact of institutional positioning on price action.
Capitulation intensified late in the session, as HBAR fell from $0.1317 to $0.1277. Sharp volume spikes of 8.76 million and 11.13 million units occurred in rapid succession before trading abruptly stalled at the session low, suggesting either aggressive absorption by buyers or a technical pause—conditions that could set the stage for a potential rebound if demand returns, despite prevailing bearish momentum.
Key Technical Levels
- Support/Resistance: Critical support lies at $0.1277–$0.1281, while resistance caps rallies at $0.1400. The $0.1350 break has turned former support into resistance.
- Volume Analysis: Institutional selling surged 98% above average, indicating smart money distribution rather than panic retail activity.
- Chart Patterns: A descending channel remains in place, with successive lower highs and lower lows breaching key Fibonacci levels.
- Targets & Risk/Reward: If current support fails, the next downside target is $0.1250, while recovery attempts face immediate resistance near $0.1350.
