HBAR Price Drops 4% as Technical Breakdown Signals Caution for Traders

HBAR, the native token of the Hedera network, traded lower on Thursday after a sharp afternoon selloff pushed prices down roughly 4% to around $0.1247. The decline followed a decisive breakdown through multiple technical support levels, signaling weakening momentum after bulls failed to sustain a breakout above key resistance.

During the session, HBAR recorded a trading range of approximately $0.0082, reflecting volatility of about 6.4%. Repeated rejection near the $0.1320 resistance level proved to be a turning point, as sellers gained control and forced prices lower. This rejection confirmed that upside attempts lacked sufficient strength, reinforcing near-term bearish sentiment in the market.

Trading volume surged significantly throughout the day, highlighting strong institutional participation rather than thin liquidity-driven moves often seen in smaller altcoins. Total volume reached nearly 166 million tokens, representing roughly 175% of the 24-hour average. On the 60-minute timeframe, the selloff resembled a flash crash, with volume peaking at about 15.7 million tokens—nearly 700% above the hourly norm. Such activity suggests conviction selling and genuine price discovery.

From a technical perspective, the afternoon decline established a clear lower-high structure relative to the Dec. 11 peak. This deteriorating market structure accelerated downside momentum, pushing HBAR through previously established support zones. While price has since stabilized between $0.124 and $0.125, the broader trend remains under pressure.

Immediate support is now concentrated near $0.1235, a level that traders are watching closely. If this support fails, downside risk increases toward the lower boundary of the recent consolidation range. On the upside, a modest mean reversion toward $0.126 is possible, but significant resistance remains near $0.1285 and the stronger ceiling at $0.1320.

Despite a short-term bounce offering limited relief to bulls, the decisive breakdown of higher-timeframe support combined with elevated volume suggests caution. Until HBAR reclaims key resistance levels, near-term upside potential appears constrained as traders assess whether consolidation can hold or further downside emerges.