HBAR saw a sharp sales pressure on October 3, when speed intensified in the last trade hour. After card reached $ 0.224, the token dropped to $ 0.222, which violated key support and finish the session by 0.9%.
The steepest fall came between 13:50 and 14:00 when the quantities spiked over 3 million, signaling institutional distribution and panic -driven sales. Repeated error in recovering $ 0.224 Let HBAR be vulnerable to longer disadvantage against $ 0.220.
Across the wider 23-hour period from October 2 to 3, HBAR dropped 3.6% from $ 0.23 to $ 0.22 on increasing volume of 51.3 million, emphasizing heavy institutional participation in sales.
Despite the short-term weakness in the short term, attention will remain at a potential SEC decision in November at Spot Crypto ETFs. With the support of the members of the Government Council such as Google and IBM, Hedera could benefit from regulatory approval, even when its technical points to ongoing pressure.
Technical measurements indicating continuous weakness
- HBAR formed a clear downward course after its peak of $ 0.23 on October 2, 19:00, with resistance that developed to $ 0.23 threshold, where prices repeatedly turned down during several trade sessions.
- Significant support evolved into $ 0.23 around midnight on October 3, followed by an additional support area near $ 0.22, although both thresholds demonstrated vulnerability during continuous sales of momentum.
- Trade volume properties revealed elevated activity through the original decline and then during the 13.00 session on October 3 with 51.3 million in volume, indicating institutional commitment to the bearish movement.
- Technical deterioration was intensified over the last hour when HBAR struggled to maintain the recovery effort over $ 0.22 resistance threshold, which validated the violation of essential support limits.
- Significant volume waves over 3 million and 2.5 million in the window 13: 50-14: 00 coincided with intense sales activity, demonstrating institutional distribution and fear-driven sales.
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