Hedera’s HBAR plunged below $0.1350 amid a 98% surge in trading volume, with institutional selling reinforcing a bearish market structure and resistance capped at $0.1400.
HBAR fell 11.5%, dropping from $0.1426 to $0.1281 during a powerful wave of institutional selling that broke the $0.1350 support level. Trading volume spiked to 250.3 million units at peak selling, almost double the daily average, triggering stop-loss cascades and solidifying resistance at $0.1400. The token formed a descending channel marked by consecutive lower highs and repeated tests of the $0.1277 support zone, reflecting broader crypto-market weakness. Capitulation intensified late in the session, with rapid volume surges preceding an abrupt halt at the day’s low, suggesting potential absorption even as bearish momentum remains dominant.