HBAR Drops 4% to $0.1247 as Afternoon Selloff Breaks Support

Hedera's native token, HBAR, declined by 4% to $0.1247, breaking through several technical support levels during a significant afternoon selloff. Resistance at $0.1320 proved too strong for bulls, leading to a lower high pattern established since the previous day's spike, which accelerated downward momentum. Trading volume surged significantly, indicating strong institutional participation and conviction selling, rather than low-liquidity movements. Key technical levels are now critical, with immediate support at $0.1235; failure here could lead to further downside, while consolidation near $0.124-$0.125 offers a potential mean reversion target toward $0.126 resistance.

(Source：CoinDesk)