Hedera (HBAR) tumbled 10% on Dec. 1 amid the broader market downturn and is now sitting at key support at $0.1308.
The crash occurred during the opening of the daily candle at 00:00 UTC, which is also the time when CME Bitcoin futures open for trading.
HBAR has now confirmed a downward trend across multiple timeframes, following a significant spike in trading volume to 241.5 million coins (338% higher than the 24-hour average).
This confirms institutional selling and establishes current support at $0.1307. HBAR’s performance lagged the broader cryptocurrency market by 1.35%, signaling a shift towards digital assets with stronger fundamentals.
Technology Integration and Crash Risk: What Traders Should Watch
The most recent 60-minute data shows HBAR trading between $0.1306 and $0.1325 on light volume, consolidating around $0.1307. This stability suggests potential accumulation near previous support levels, although the broader technical picture remains challenged by a failed breakout and underperformance of the market.
HBAR remains above the $0.1307 floor established during the crash, with intermittent trading volume surging above 3 million coins, indicating selective buying interest.
However, despite increased activity, the inability to sustain gains above $0.1315 calls into question the near-term momentum, especially if institutional funds flow to structurally stronger alternatives.
HBAR’s Key Technology Level Signal Integration
Support/Resistance: The main support is at $0.1307 after a break; resistance between $0.1350-$0.1315 needs to be reclaimed to continue the bullish trend.
Trading volume analysis: The $241.5 million peak confirms institutional selling; current reduced activity suggests consolidation with selective accumulation near support.
Chart mode: Downtrend line breakdown is complete; a trading range between $0.1306-$0.1325 indicates potential bottoming potential.
Goals and Risk/Reward: In the absence of catalysts, upside is capped at resistance at $0.1350; downside risk is contained at support near $0.1306 as institutional interest exists.
Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and reviewed by our editorial team for accuracy and adherence to our standards. For more information, see CoinDesk’s full AI policy.
