HBAR Pulls Back After Impressive Rally as Late Selling Pressure Intensifies

HBAR's bull run hits a wall—sudden sell-off trims recent gains as traders cash out.

Market Momentum Shifts

Just when optimism peaked, a wave of selling pressure swept through. HBAR's chart dipped sharply, wiping out a chunk of its recent progress. No surprise—crypto markets love testing conviction.

Traders React

Active profit-taking kicked in. Those sitting on gains didn’t hesitate; sell orders stacked up fast. Typical late-cycle behavior—everyone’s a genius until liquidity thins.

What’s Next?

Watch for support levels. If HBAR holds, this could be a healthy correction. If not? Another reminder that in crypto, green candles can vanish faster than a VC’s promises during a bear market.

• HBAR navigated within a $0.01 range spanning $0.23 floor and $0.24 ceiling, delivering a 3% total fluctuation.
• Key resistance materialized at the $0.24 threshold where price reversed on elevated volume of 72.03 million during the 13:00 hour.
• Support established around $0.23-$0.23 zone with multiple successful defense attempts.
• Volume intensified substantially throughout the decline, particularly during 13:45-13:51 when selling momentum accelerated with volumes surpassing 5.6 million.
• The technical configuration indicates HBAR sustains bullish momentum with considerable institutional interest demonstrated by above-average volume during key reversal points.

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