HBAR Slides 4.3% as Institutional Selling Breaks Key Support Before Late Rebound
HBAR dropped 4.3% due to heavy institutional selling breaking support, followed by a sharp, high-volume rebound that tempered losses.Summary
Hedera's HBAR token fell 4.3% on Monday, dropping from $0.1802 to $0.1725 after heavy selling during Asian trading hours breached the critical $0.1720 support level. This selloff, characterized by a 71% spike in trading volume suggesting institutional involvement, briefly pushed the price to a low of $0.1688.
As the session continued, selling volume subsided, but the bearish structure of lower highs and lows remained. In the final hour, HBAR staged a sharp recovery, climbing 1.2% to $0.1745, driven by a brief surge in trading activity. However, momentum faded near the $0.1745 resistance level, leaving uncertainty about whether this late surge signals a true reversal or just a temporary reprieve from the established bearish trend.
(Source：CoinDesk)