Hedera Slips 10%, Approaching Critical Support Amid High Trading Activity

Hedera Slumps 10% to Key Support Amid Heavy Institutional Selling

Hedera (HBAR) tumbled 10% on Dec. 1, retreating to a critical support zone at $0.1308 as the broader crypto market weakened. The drop coincided with the daily candle open at 00:00 UTC and the start of Bitcoin futures trading on the CME, highlighting a convergence of technical and market catalysts.

A surge in volume to 241.5 million HBAR — 338% above the 24-hour average — points to strong institutional selling. The token now trails the wider crypto market by 1.35%, signaling a rotation toward assets with more resilient fundamentals.

Consolidation vs. Downside Risk

Intraday 60-minute data shows HBAR consolidating between $0.1306 and $0.1325, stabilizing near $0.1307 on lighter volume. While selective buying is visible during intermittent spikes above 3 million tokens, the token has struggled to hold above $0.1315, raising doubts about short-term momentum if institutional flows favor other digital assets.

Technical Levels to Watch

Support & Resistance: $0.1307 provides immediate support, with resistance between $0.1315-$0.1350 needing reclaim to trigger bullish continuation.
Volume Trends: The massive volume spike confirms institutional selling; current subdued activity suggests a period of consolidation with targeted accumulation.
Chart Patterns: The descending trendline breakdown is complete. The current $0.1306-$0.1325 range indicates potential base formation.
Targets & Risk: Upside is capped at $0.1350 without fresh catalysts, while downside risk is limited near $0.1306 thanks to institutional interest.

HBAR’s next directional move will depend on whether support at $0.1307 holds or if renewed selling pressure drives further declines.