HBAR Crashes 11.5% Breaking Below Key Support Levels
CoinDesk
The Hedera token (HBAR) dropped 11.5% due to intense institutional selling, breaking critical support at $0.1350.Summary
The Hedera token (HBAR) experienced a significant 11.5% crash on Tuesday, falling from $0.1426 to $0.1281, driven by intense institutional selling pressure. A massive 250.3 million-unit sell wave, nearly double the average volume, shattered the key $0.1350 support level, triggering stop-loss orders and confirming a bearish technical shift, despite ongoing network development. Trading volume surged 98% above average, indicating that technical flows and institutional positioning dictated the price action rather than fundamentals. The market structure is now decisively bearish, with resistance firm at $0.1400 and critical support holding precariously at the $0.1277-$0.1281 zone; a further breakdown could target $0.1250.
(Source：CoinDesk)