Hedera Falls Amid Wider Crypto Sell-Off and Rising Volume

Hedera Slides Amid Technical Selling Despite ETF Speculation

Hedera’s HBAR fell 2.2% on Thursday as technical pressures outweighed optimism from potential institutional products. The token broke below $0.1380 support, with trading volume climbing 47% above its daily average of 35.5 million tokens.

The decline intensified around 09:00 GMT, when 52.21 million HBAR changed hands, pushing the price to session lows near $0.1367 before stabilizing. HBAR recently tested key support at $0.1354, briefly dipping below on 2.37 million tokens before bouncing to around $0.1361. While technical indicators suggest oversold conditions, bearish momentum remains in the short term.

The weakness contrasts with growing fundamental interest in Canary Capital Group’s HBAR ETF, which could provide longer-term structural demand. For now, traders are weighing oversold signals against the established downtrend.

Technical Snapshot:

Support/Resistance: Primary support holds at $0.1354; resistance cluster between $0.1380–$0.1391. Immediate consolidation floor at $0.1357.
Volume: Breakdown volume of 52.21 million confirms selling pressure, though late-session declines suggest exhaustion.
Chart Patterns: Downtrend persists with lower highs; range-bound trading between $0.1354–$0.1380. Oversold bounce potential emerges from the $0.1354 floor.
Risk/Reward: Resistance target at $0.1380 for recovery attempts; support breach below $0.1354 could trigger deeper retracements. Current levels above $0.1357 may suit defensive contrarian entries.