HBAR Plummets 3% as Heavy Selling Pressure Tests Critical $0.23 Support Level

HBAR takes a hit as bears dominate trading sessions—sliding precisely 3% under relentless selling pressure that's pushing the token toward its make-or-break $0.23 support.

Market Pulse: Red Across the Board

Traders dump holdings amid broader crypto weakness—no surprise there. The $0.23 level now acts as the last line of defense before further declines. Break that, and it’s a slippery slope toward lower lows.

Technical Breakdown: Support at Stake

Volume spikes on the sell-off confirm the bearish sentiment. If $0.23 fails to hold, next support waits significantly lower. Because nothing says 'trust the process' like watching your portfolio dip week after week.

Outlook: Brace or Buy?

This isn’t just a HBAR problem—the whole market’s feeling the squeeze. But if history’s any guide, these shakeouts often create prime entry points. Or, you know, just another day in crypto—where 'fundamentals' are whatever narrative survives the Twitter frenzy.

• Token declined 3% from opening price of $0.24 to closing price of $0.23 over 23-hour institutional selling period.
• Trading range of $0.01 represents 4% spread between absolute session high and low.
• Resistance level established around $0.24 where institutional buying interest diminished significantly.
• Support level emerged near $0.23 with retail buying providing technical floor.
• Elevated volume of 85.82 million during final hours confirms institutional distribution patterns.
• Volume exceeded 3.8 million during peak selling period between 13:45-14:06 indicating coordinated liquidation.
• Final 14 minutes showed technical recovery from $0.23 support level suggesting retail buying interest.

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