HBAR’s Sudden Plunge: Volume Surge Signals Crypto Drama!

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Markets

What you probably should know:

  • HBAR took a nosedive from $0.1885 to $0.1837, wiping out all the good vibes from earlier in the day.
  • Volume shot up like a caffeinated squirrel – 95% higher than usual, reaching 142.7M as it tumbled out of the consolidation zone.

So, here’s the latest: HBAR took a 2.1% dip to $0.1837 on Tuesday. Why? Well, the cryptocurrency tried to flirt with resistance at $0.1940 and was firmly told “Not today!”

In the beginning, things seemed hopeful. A modest gain of 1.09% to $0.1842, trading at 8.23% above its weekly average. But then, alas, the bears woke up from their nap and came out to play.

The drama unfolded as HBAR tried to break through resistance around $0.1885, only to see it fall flat on its face and dive lower, breaking through the consolidation support zone between $0.1840 and $0.1870.

Then came the plot twist: volume surged. A dramatic 142.7 million tokens traded hands, marking a 95% increase above the 24-hour average. Clearly, the institutions were selling like they had just seen the latest crypto meme crash.

Now, with HBAR failing to break resistance and getting stomped by technical levels, it’s safe to say the price action is all about the charts now. That 95% volume surge? Institutional selling, not some retail traders taking profits after a nice sandwich.

Key Technical Levels to Watch (Because Who Doesn’t Love Drama?):
  • Support/Resistance: Support holds strong at $0.1831, after several successful tests (a tough cookie). But that broken support at $0.1842? Now it’s resistance, and major resistance still lurks at the $0.1940 rejection level, ready to mess things up.
  • Volume Analysis: Breakdown volume of 142.7M tokens exceeded the 24-hour SMA by 95%, proving that institutional selling is behind this plot twist. The surge at $0.1885 resistance marked the beginning of a serious distribution phase.
  • Chart Patterns: Lower highs are still in play since the glorious $0.1967 peak, and the breakdown from the $0.1840-$0.1870 consolidation zone? Yep, it’s validating that bearish momentum. Hold onto your hats, folks.
  • Targets & Risk/Reward: If $0.1831 support crumbles like a cookie under a toddler’s fist, the next target is $0.1820. For any hope of recovery, HBAR needs to reclaim that $0.1842 broken support and rise above the $0.1870 consolidation high. A tall order, but hey, miracles do happen!

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2025-11-11 21:44