HBAR Drops 6% to $0.144 as Technical Breakdown Accelerates
CoinDesk
Hedera's HBAR token dropped nearly 6% to $0.144 following institutional selling and a technical support breakdown.Summary
Hedera's native token, HBAR, plunged 5.9% on Monday, breaking key support levels near $0.1500 due to heavy institutional selling, which accelerated around 15:00 GMT with a 71% surge in trading volume, triggering stop-loss cascades. The price action stabilized briefly between $0.1430 and $0.1470, establishing a double-bottom support at $0.144. While a late-session bounce on low volume suggested potential exhaustion of selling pressure, a sustained move above $0.145 is needed to confirm any reversal against the prevailing bearish trend, with primary resistance set at $0.1512.
(Source：CoinDesk)