HBAR Quickly Declined, Losing 6% in Value

Wave of Institutional Sales for HBAR

Hedera Hashgraph's HBAR token was subjected to intense institutional selling pressure during the 24-hour trading period on October 10. Prices fluctuated between $0.21 and $0.22 with a %6 range. During the day, HBAR approached the $0.22 level and made gains, but experienced a sharp decline towards the end of the trading hour.

In the last hour, trading volume surged to 262.49 million, reaching nearly six times the session average. This indicates the day's most intense institutional activity. Analysts noted that the 3:00 PM timeframe experienced the largest liquidations. The sudden increase in volume and price pressure signaled a coordinated sale executed by institutional investors.

Breakthrough at Support Levels

Technically, HBAR broke through several short-term support levels during the last-minute trades. The price movement stabilized only after the trading activity concluded. This sharp decline followed by a pause suggests that institutional investors acted according to their risk management strategies ahead of potential regulatory updates.

In technical analysis for institutions, strong resistance levels formed between $0.22 and $0.22. It was observed that institutional buying interest did not increase at these levels. Between $0.21 and $0.21, institutional support emerged; however, this support was significantly broken during the selling wave at the final hour.

The highest institutional liquidation occurred between 3:30-3:35 PM. During this period, institutional trading volume escalated to 12.80 million and 16.90 million respectively. The price movement, starting from $0.21, fell to the session's lowest level of $0.21. As of 3:44 PM, institutional buyers made a limited attempt to recover. Trading activity completely ended in the last four minutes, indicating either the closure of institutional trading desks or temporary liquidity constraints.