“Trading volume explodes 98% above average as institutional sellers drive Hedera token through critical technical barriers.”, — write: www.coindesk.com
The rout deepened as HBAR logged consecutive lower highs and heavier volume with each leg down, repeatedly testing the $0.1277 zone. With resistance now firm at $0.1400, the market structure has tilted decisively bearish, reflecting broader crypto-market weakness. Tuesday’s failed defense of $0.1350 became the central turning point, highlighting how institutional positioning dictated price action.
Into the final hour of trading, capitulation pressure intensified. HBAR slid from $0.1317 to $0.1277 as sharp volume spikes hit 8.76 million and 11.13 million in rapid succession before activity abruptly stalled at the session low. The sudden freeze suggests either aggressive absorption or a technical halt—conditions that could set the stage for a reversal if buyers re-emerge, even as bearish momentum remains dominant.
HBAR/USD (TradingView)
Key Technical Levels Signal Breakdown Risk for HBARSupport/Resistance: Critical support holds at $0.1277-$0.1281 zone while resistance caps rallies at $0.1400. The $0.1350 break transforms former support into resistance.
Volume Analysis: Institutional selling explosion at 250.3M marks 98% surge above average, confirming smart money distribution over retail panic selling.
Chart Patterns: Descending channel locks in place with consistent lower highs and declining lows, breaking key Fibonacci levels throughout the session.
Targets & Risk/Reward: Next breakdown target sits at $0.1250 if current support crumbles, while recovery attempts face immediate resistance at former support near $0.1350.
Disclaimer: Parts of this article were generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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