HBAR fell 11.5% on Tuesday as intense institutional selling overwhelmed the market, smashing the token from $0.1426 to $0.1281. A massive sales wave of 250.3 million units at 07:00 GMT – almost double the 24-hour average – erased key support at $0.1350 and triggered a cascade of stop-loss triggers. The collapse came despite ongoing network development efforts, underscoring that technical flows—not fundamentals—were the driving force in the session.
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 firmly at $0.1400, the market structure has tilted decidedly bearish, reflecting broader weakness in the crypto market. Tuesday’s failed defense at $0.1350 became the key turning point and highlighted how institutional positioning dictated price action.
Into the final hour of trading, capitulation pressure intensified. HBAR fell from $0.1317 to $0.1277 as sharp volume spikes hit 8.76 million and 11.13 million in quick succession before activity abruptly stalled at session lows. The sudden freeze suggests either aggressive absorption or a technical stop—conditions that could set the stage for a reversal if buyers re-emerge, even if bearish momentum remains dominant.
Key Technical Levels Signal Breakdown Risk for HBAR
Support/Resistance: Critical support holds at the $0.1277-$0.1281 zone, while resistance levels rise at $0.1400. The $0.1350 break turns previous support into resistance.
Volume analysis: Institutional sales explosion of DKK 250.3 million. marks a 98% increase above average, confirming smart money allocation versus panic retailing.
Chart Patterns: Descending channel locks into place with consistent lower highs and declining lows, breaking key Fibonacci levels throughout the session.
Objectives and risk/reward: Next breakdown target is $0.1250 if current support crumbles, while recovery attempts face immediate resistance at previous support near $0.1350.
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