HBAR Crash Pass 11% As Institutional Selling Trigger Technical Breakdown
HBAR first don drop 5.9% when institutional selling for that $0.1500 support make technical breakdown happen, e make trading volume jump 71% pass di 20-day average. Di token get double bottom for $0.144 but e still face new resistance for $0.1512. For one late-session bounce, volume fall to 3 million, e mean say smart-money dey gather around $0.145.
But di bearish trend sweet pass Nov 21 wen sellers commot 250.3M HBAR for 07:00 GMT. Di volume increase - 98% pass di 24-hour average - break di $0.1350 support, turn am to $0.1400 resistance. HBAR now dey trade inside descending channel, e dey test di $0.1277–$0.1281 floor again and again, and $0.1250 na di next downside target if dem break am. Traders go dey watch resistance for $0.1350 and $0.1400 to see if e fit retrace.
Bearish
HBAR break from important support levels plus di volume wey dey continue dey increase mean say people still dey sell am strong strong. For short time, di 11.5% crash go di $0.1277–$0.1281 zone show say e fit still drop reach $0.1250 if di support no hold. Di way dem dey form di descending channel and di way di old support don turn resistance at $0.1350 and $0.1400 dey ginger di bearish gbege. For long term, smart-money wey dey gather around small small low levels fit help slow down di drop, but if e no fit break top di resistance levels, HBAR matter still no too gidigba. Traders suppose watch well well because any relief rally fit stop for technical barriers wey don set.