HBAR plunged 5.9% on Monday as institutional selling overwhelmed the market, breaking several support zones near the key $0.1500 level. The sharp decline accelerated at 1500 GMT when volume surged 71% above average, triggering large stop-loss cascades and forcing momentum traders to quickly unwind their positions.
Price action remained under bearish control for most of the session, with HBAR stuck between $0.1430 and $0.1470 after establishing new resistance at $0.1512. Continued selling pressure reflects weakening market structure, although tight consolidation hints at a temporary pause in bearish momentum.
Late in the session, the selling wave showed signs of exhaustion as volume collapsed and volatility decreased. A quick rebound from $0.144 to $0.145 over 3 million units signaled a potential accumulation of smart money at key support, but traders will need to see a sustained move above $0.145 to confirm a reversal of the broader downtrend.
Key technical levels signal decisive zone for HBAR
Support/Resistance: Double bottom support locked at $0.144; Primary resistance confirmed at $0.1512 with secondary barrier at $0.1500.
Volume analysis: Peak sales volume reached 162 million units (71% above SMA), followed by an institutional peak of 3 million during the rebound; decreasing volume signals potential exhaustion.
Chart templates: Classic double bottom at $0.144 with strong bullwhip creating reversal potential; the consolidation range tightened between $0.1430 and $0.1470.
Targets and risk/reward: A break above $0.145 opens the way to $0.147; failure below $0.144 targets $0.143 with upside risk/reward at current prices.
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