HBAR Plunges 3% Amid Heavy Sell-Off—Tests Critical $0.23 Support Level

HBAR takes a hit as selling pressure mounts—dropping straight toward that crucial $0.23 floor. Traders are watching closely: will it hold or fold?

Behind the Dip

Heavy offloading pushed HBAR down a solid 3%—no surprise when weak hands panic-sell at the first sign of red. Classic crypto volatility doing what it does best: separating the patient from the impulsive.

Support Under Siege

That $0.23 level isn’t just a number—it’s a line in the sand. Break below, and things could get messy. Hold, and it’s just another healthy pullback in a long-term bull market. Either way, it’s a reminder: in crypto, support levels aren’t suggestions—they’re survival guides.

So here we are—another day, another dip. Funny how a 3% slide feels like a crisis in crypto, but in traditional markets, it’s just… Tuesday. Maybe that’s why Wall Street still doesn’t get it—they’re used to sleeping at night.

• 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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