HBAR Slides 6% Amid Strong Volume as Crypto Market Sinks

HBAR Slumps 6% Amid Institutional Selling and Record Trading Volumes

Hedera Hashgraph’s HBAR experienced a sharp decline Friday as institutional investors offloaded positions, pushing the token down roughly 6% over the 24-hour period ending October 10. Prices oscillated between $0.21 and $0.22, with early gains toward $0.22 erased during a late-session selloff.

Trading volumes surged to 262.49 million, nearly six times the session average of 47.32 million. Analysts pinpointed the 3:00 PM hour as the peak of selling pressure, indicating coordinated institutional activity likely tied to broader portfolio rebalancing.

Key Technical Levels

Resistance: $0.22, where institutional buying repeatedly failed to hold.
Support: $0.21, initially holding but ultimately breached during the late-session liquidation.
Peak selling: Between 3:30–3:35 PM, volumes spiked to 12.8 million and 16.9 million, respectively.
Price action: HBAR fell to a session low of $0.21 before modest recovery to $0.21 by 3:44 PM.
Session close: Institutional activity ceased during the final four minutes (3:56–3:59 PM), suggesting trading desk closures or temporary liquidity constraints ahead of potential regulatory announcements.

The volatility highlights how institutional positioning can sharply influence cryptocurrency markets, particularly during periods of uncertainty and regulatory anticipation.