Hedera dived through key support levels during Sunday’s session, falling 5.8% from $0.1202 to $0.1127 as technical selling pressure overwhelmed early buying interest.
The cryptocurrency established a clear bearish structure after failing to hold gains above $0.1218, with price action dominated by profit-taking near resistance levels.
Volume patterns told the story of capital flows throughout the session. Trading activity exploded to 69.18 million tokens on December 14th at 20:00 UTC, marking an 86% increase over the 24-hour average of 32.8 million tokens – as HBAR tested critical resistance near $0.1194.
The rejection triggered a cascade of selling that drove prices through established support levels, with subsequent sessions showing declining volume signaling reduced institutional participation.
With institutional flows having driven both the initial sell-off and recovery in the late session, technical levels of $0.1194 resistance became the critical battleground for HBAR’s near-term direction.
Barring a brief spike during October’s liquidation event, HBAR is now trading at its lowest point since November 2024.
Key Technical Levels Signal Mixed Outlook for HBAR
Support/Resistance: Critical resistance holds at $0.1194 after high volume rejection, with new support established at $0.1121 after late session reversal. Deeper support remains at $0.11.
Volume analysis: Peak volume of 69.18 million tokens validated the integrity of the resistance level, while 750% volume increase at the close of the session indicated renewed institutional interest after a period of declining participation.
Chart Patterns: Descending trend line from $0.1218 high broken, although price remains within the established consolidation range between $0.1129-$0.1193 formed during the session.
Objectives and risk/reward: Breakout above $0.1194 resistance targets previous highs near $0.1218, providing upside potential, while failure to sustain $0.1121 support risks a retest of $0.11 level.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial staff to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI policy.
