HBAR plunged 5.9% on Monday as institutional selling overwhelmed the market and broke several support zones near the key $0.1500 level. The sharp decline accelerated at 15:00 GMT as volume surged 71% above average, triggering widespread stop-loss cascades and forcing momentum traders to liquidate positions quickly.
Price action remained under strong bearish control for most of the session, with HBAR set between $0.1430 and $0.1470 after establishing new resistance at $0.1512. The persistent selling pressure reflected a weakening of the market structure, although the tight consolidation suggested a temporary pause in downward momentum.
Late in the session, the selling wave showed signs of exhaustion as volume collapsed and volatility narrowed. A quick jump from $0.144 to $0.145 on 3 million units signaled potential smart-money accumulation at key support, but traders will need to see a sustained move above $0.145 to confirm a reversal in the broader bearish trend.
Key Technical Levels Signal Make-or-Break Zone for HBAR
Support/Resistance: Double bottom support locked at $0.144; primary resistance confirmed at $0.1512 with secondary barrier at $0.1500.
Volume analysis: Peak sales volume hit 162 million units (71% above SMA) followed by 3 million institutional gains during termination; fading volume signals potential exhaustion.
Chart Patterns: Classic double bottom at $0.144 with fierce whipsaw creating reversal potential; consolidation range tightened to $0.1430-$0.1470.
Objectives and risk/reward: Break above $0.145 opens path to $0.147; failure below $0.144 target $0.143 with bullish risk/reward at current pricing.
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