HBAR fell 11.5% on Tuesday as intense institutional selling overwhelmed the market, sending the token from $0.1426 to $0.1281. A massive sell-off of 250.3 million units at 0700 GMT (almost double the 24-hour average) erased key support at $0.1350 and unleashed a cascade of stop-loss triggers. The crash occurred despite continued network development efforts, underscoring that technical flows, not fundamentals, were driving the session.
The decline deepened as HBAR posted consecutive lower highs and increased volume with each leg down, repeatedly testing the $0.1277 zone. With resistance now firm at $0.1400, the market structure has tilted decisively bearish, reflecting broader crypto market weakness. Tuesday’s failed defense of $0.1350 became the central turning point, highlighting how institutional positioning dictated price action.
In the final hour of negotiations, the pressure to capitulate intensified. HBAR fell from $0.1317 to $0.1277 as strong volume spikes hit 8.76 million and 11.13 million in quick succession before activity abruptly plateaued at the session low. The sudden freeze suggests an aggressive takeover or technical stop, conditions that could set the stage for a reversal if buyers resurface, even as bearish momentum remains dominant.
Key Technical Levels Signal Breakdown Risk for HBAR
Support/Resistance: Critical support remains at the $0.1277-$0.1281 zone, while the resistance boundary recovers at $0.1400. The break of $0.1350 transforms previous support into resistance.
Volume analysis: The institutional sales explosion of 250.3 million marks a 98% increase above average, confirming the smart distribution of money on panic retail sales.
Chart Patterns: The descending channel locks in with consistent lower highs and declining lows, breaking key Fibonacci levels throughout the session.
Objectives and risk/reward: The next breakout target sits at $0.1250 if current support breaks down, while recovery attempts face immediate resistance at previous support near $0.1350.
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.
