HBAR Drops 11.5%, Breaking Major Technical Floors

HBAR Plunges 11.5% as Institutional Selling Breaks Key Support

Hedera’s HBAR token fell sharply 11.5% on Tuesday, sliding from $0.1426 to $0.1281 amid heavy institutional selling. A massive 250.3 million-unit sell-off at 07:00 GMT—nearly double the 24-hour average—smashed the $0.1350 support, triggering a cascade of stop-loss orders. The move highlighted that technical flows, rather than fundamentals, were driving price action, despite ongoing network development.

The decline accelerated as HBAR registered consecutive lower highs and higher volume with each leg down, repeatedly testing the $0.1277 support zone. Resistance has now solidified near $0.1400, marking a decisively bearish market structure and reflecting weakness across the broader crypto market. Tuesday’s failure to hold $0.1350 emerged as a key inflection point, demonstrating the dominance of institutional positioning.

Capitulation intensified into the final hour, with HBAR sliding from $0.1317 to $0.1277. Sharp volume spikes of 8.76 million and 11.13 million units occurred in quick succession before activity abruptly stalled at the session low. This freeze suggests either aggressive absorption by buyers or a technical halt, potentially setting the stage for a reversal if buying pressure returns, though bearish momentum remains dominant.

Key Technical Levels

• Support/Resistance: Critical support lies at $0.1277–$0.1281, while resistance remains at $0.1400. The break of $0.1350 has turned former support into resistance.
• Volume Analysis: Institutional selling surged 98% above average, signaling smart money distribution rather than retail panic.
• Chart Patterns: A descending channel continues to form, with successive lower highs and lower lows, breaching key Fibonacci levels.
• Targets & Risk/Reward: If support fails, the next breakdown target is $0.1250, while recovery attempts face immediate resistance near $0.1350.

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