Hedera Plunges 10%, Testing Crucial Support Zone on Strong Volume

Hedera Drops 10% to Key Support on Institutional Pressure

Hedera (HBAR) fell 10% on Dec. 1, retreating to a critical support level at $0.1308 amid a broader market pullback. The decline coincided with the daily candle open at 00:00 UTC and the start of CME Bitcoin futures trading, highlighting both technical and market pressures.

Volume spiked to 241.5 million HBAR — 338% above the 24-hour average — signaling heavy institutional selling. HBAR now lags the wider crypto market by 1.35%, reflecting rotation toward assets with stronger fundamentals.

Technical Overview

Intraday 60-minute charts show HBAR trading in a range of $0.1306-$0.1325, consolidating near $0.1307 on lighter volume. Occasional spikes above 3 million tokens point to selective buying, but failure to sustain levels above $0.1315 raises questions about near-term momentum if institutional flows favor other assets.

Key Levels & Insights

  • Support & Resistance: Immediate support at $0.1307; resistance cluster at $0.1315-$0.1350 must be reclaimed for bullish continuation.
  • Volume: Massive spike confirms institutional selling; current lower activity signals consolidation and selective accumulation.
  • Chart Patterns: Descending trendline breakdown complete; trading range indicates potential base-building.
  • Targets & Risk: Upside capped at $0.1350 without catalysts; downside risk contained near $0.1306 due to institutional interest.

HBAR’s next move depends on whether support at $0.1307 holds or renewed selling pressure drives further declines.


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