HBAR dropped 11.5% on Tuesday as strong institutional selling overwhelmed the market, pushing the token down from $0.1426 to $0.1281. A significant sell-off of 250.3 million units at 07:00 GMT—almost double the 24-hour average—broke the crucial $0.1350 support level and triggered a chain reaction of stop-loss sell-offs. This decline occurred despite ongoing network development efforts, indicating that technical factors, rather than fundamentals, were influencing the market.
The downturn accelerated as HBAR marked consecutive lower highs and heavier trading volume, continually testing the $0.1277 area. With resistance firmly established at $0.1400, the market structure has shifted to a bearish stance, mirroring weakness across the broader cryptocurrency market. Tuesday’s failure to defend the $0.1350 level proved to be a pivotal moment, emphasizing the impact of institutional positions on price movements.
As trading approached the final hour, capitulation escalated. HBAR fell from $0.1317 to $0.1277, with sharp volume spikes reaching 8.76 million and 11.13 million in quick succession before activity abruptly halted at the session’s low. This sudden pause suggests either aggressive buying or a technical standstill—conditions that could set the stage for a reversal if buyers return, although bearish momentum remains prevalent.
Key Technical Levels Signal Breakdown Risk for HBAR
Support/Resistance: Critical support remains in the $0.1277-$0.1281 zone, while resistance limits rallies at $0.1400. The breach of $0.1350 has turned former support into resistance.
Volume Analysis: The institutional sell-off of 250.3M represents a 98% increase above average, indicating smart money distribution rather than retail panic selling.
Chart Patterns: A descending channel is evident, marked by consistent lower highs and declining lows, breaking through key Fibonacci levels during the session.
Targets & Risk/Reward: The next breakdown target is set at $0.1250 if current support fails, while recovery attempts will face immediate resistance at the former support level around $0.1350.
Disclaimer: Portions of this article were generated with the aid of AI tools and reviewed by our editorial team for accuracy and compliance with our standards. For further details, see RialCenter’s full AI Policy.
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