HBAR plunged 5.9% on Monday as institutional selling overwhelmed the market, breaking multiple support zones near the key $0.1500 level. The sharp decline accelerated at 15:00 GMT, when volume surged 71% above average, triggering widespread stop-loss cascades and forcing momentum traders to quickly unwind positions.
Price action remained under strong bearish control for most of the session, with HBAR pegged between $0.1430 and $0.1470 after establishing new resistance at $0.1512. Persistent selling pressure reflected weakening market structure, although tight consolidation hinted at a temporary pause in bearish momentum.
At the end of the session, the sell-off showed signs of exhaustion as volume collapsed and volatility reduced. A quick bounce from $0.144 to $0.145 in 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 against the broader downtrend.
Key technical levels point to decisive zone for HBAR
Support/Resistance: Double bottom support was locked at $0.144; primary resistance confirmed at $0.1512 with secondary barrier at $0.1500.
Volume analysis: Peak sales volume reached 162 million units (71% above SMA), followed by an institutional increase of 3 million during the rebound; Fading volume indicates possible exhaustion.
Chart Patterns: Classic double bottom at $0.144 with a violent shakeout creating reversal potential; The consolidation range narrowed to $0.1430-$0.1470.
Objectives and risk/reward: A break above $0.145 opens the way to $0.147; failure below $0.144 points to $0.143 with bullish risk/reward at current price.
Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and were reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s full AI Policy.
