Hedera Hashgraph’s HBAR token was under heavy institutional selling pressure during the 24-hour trading period ending October 10, with prices fluctuating within a volatile 6% range between $0.21 and $0.22. Despite initial resilience that saw HBAR rally towards intraday highs near $0.22, the digital asset reversed sharply in the final hour of trading, as institutional investors initiated widespread liquidations that erased earlier gains.
Trading data pointed to exceptional activity during this sell-off, with volumes rising to 262.49 million, nearly six times the session average of 47.32 million. Analysts identified 3:00 pm on October 10 as the turning point, where the largest sell-off occurred. The abrupt increase in volume and price pressure suggested coordinated selling by institutional players, possibly as part of a broader portfolio rebalancing.
Technically, HBAR broke through multiple short-term support levels during this last hour, with the price action stabilizing only when trading activity ceased in the final minutes. The sharp drop and subsequent calm may reflect temporary liquidity constraints or trading desk closures as institutions took steps to limit exposure ahead of potential regulatory updates.
Technical Analysis for Corporate Investors
- Key resistance levels formed between $0.22 and $0.22, where institutional buying interest repeatedly failed to materialize at higher price levels.
- Corporate support emerged around the $0.21-$0.21 range before breaking decisively during the institutional selling wave of the last hour.
- The most significant institutional liquidation occurred during the 3:30 to 3:35 pm window, where corporate trading volume skyrocketed to over 12.80 million and 16.90 million respectively.
- Price action eased from $0.21 to a session low of $0.21, before corporate buyers attempted a modest recovery to $0.21 at 3:44 p.m.
- Institutional trading activity ceased completely during the last four minutes (3:56-3:59 pm), suggesting corporate trading desk closures or temporary liquidity constraints ahead of regulatory developments.
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