Hedera crashed through key support levels during the session on Sunday, falling 5.8% from $0.1202 to $0.1127, as technical selling pressure outweighed initial buying interest.
The cryptocurrency established a clear bearish structure after failing to sustain gains above $0.1218, with the price action dominated by profit-taking near resistance levels.
Volume patterns told the story of capital flows throughout the session. Trading activity soared to 69.18 million tokens on December 14 at 20:00 UTC, marking an 86% rise above 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 pushed prices through established support levels, and subsequent sessions showed a decline in volume that signaled lower institutional participation.
As institutional flows fueled both the initial sell-off and late-session rally, technical resistance levels at $0.1194 became the critical battleground for HBAR’s near-term direction.
Aside from a momentary spike during the October sell-off event, HBAR is now trading at its lowest point since November 2024.
Key technical levels indicate mixed outlook for HBAR
Support/Resistance: Critical resistance remains at $0.1194 following a high volume rejection, with new support established at $0.1121 following the late session reversal. The deepest support remains at $0.11.
Volume analysis: The peak volume of 69.18 million tokens validated the integrity of the resistance level, while the 750% volume increase at the close of the session indicated renewed institutional interest after a period of declining participation.
Chart Patterns: The descending trend line from the high of $0.1218 was broken, although the price remains within the established consolidation range between $0.1129 and $0.1193 formed during the session.
Objectives and risk/reward: A break above the $0.1194 resistance targets the previous high near $0.1218, offering upside potential, while failure to hold the $0.1121 support risks a retest of the $0.11 level.
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