HBAR Slides 6% to $0.144 as Technical Weakness Intensifies

HBAR Slides Nearly 6% as Institutional Selling Breaches Key Support; Double-Bottom Forms

Hedera’s HBAR dropped 5.9% on Monday as institutional selling pressured the market, breaking critical support near $0.1500. The sell-off intensified around 15:00 GMT, with volume surging 71% above average, triggering stop-loss cascades and forcing momentum traders to exit positions quickly.

Throughout most of the session, HBAR remained under bearish control, consolidating between $0.1430 and $0.1470 after establishing new resistance at $0.1512. Despite persistent selling, the narrow consolidation suggested a temporary pause in downside momentum.

Late-session activity showed signs of exhaustion as volume tapered and volatility eased. A bounce from $0.144 to $0.145 on roughly 3 million units hinted at potential accumulation at key support, though a sustained move above $0.145 is needed to confirm a reversal against the broader downtrend.

Technical Snapshot

Support/Resistance: Double-bottom support at $0.144; primary resistance $0.1512; secondary resistance $0.1500
Volume: Peak selling hit 162 million units (71% above SMA), followed by a 3 million-unit bounce; declining volume suggests exhaustion
Patterns: Double-bottom at $0.144; consolidation tightened to $0.1430–$0.1470
Targets: Break above $0.145 targets $0.147; failure below $0.144 could test $0.143