Hedera Drops 4% as Altcoin Sell-Off Persists

Hedera’s HBAR retreated sharply on Thursday after failing to sustain a breakout above key resistance, as a wave of institutional trading drove a decisive intraday reversal.

The token fell 4% to $0.1247 during an afternoon selloff that sliced through multiple technical thresholds, reversing earlier gains. HBAR posted a $0.0082 intraday range—about 6.4% volatility—after bulls were repeatedly rejected at the $0.1320 level.

Trading volume spiked well above typical levels, pointing to strong participation from larger market players rather than thin, low-liquidity moves. The surge suggests active price discovery as positions were unwound during the decline.

The selloff established a lower high relative to the Dec. 11 peak, reinforcing a weakening market structure. As selling pressure intensified, HBAR broke through several support zones, accelerating downside momentum.

Price action has since centered on the $0.1235 area, which now serves as critical support. Following a brief capitulation, HBAR stabilized between $0.124 and $0.125, raising the possibility of a short-term mean reversion toward $0.126.

Despite the modest rebound, traders remain cautious. The clean break of higher-timeframe support, coupled with unusually heavy sell-side volume, signals conviction selling and caps near-term upside even as buyers attempt to regain footing.

HBAR Technical Outlook: Consolidation Taking Shape

Support and Resistance

Near-term support identified at $0.1235 after the intraday decline
Strong resistance confirmed at $0.1320 following multiple failed breakouts
Developing consolidation range between $0.123 and $0.125 on 60-minute charts

Volume Dynamics

Total volume surged to 165.9 million tokens, 175% above the 24-hour average
Flash-crash volume peaked at 15.7 million tokens on the hourly chart, roughly 700% above normal
Sustained elevated activity points to institutional involvement

Chart Signals