Hedera plunged past key support levels during Sunday’s session, falling 5.8% from $0.1202 to $0.1127 as technical selling pressure overwhelmed early buying interest.
The cryptocurrency established a clear bearish structure after failing to sustain gains above $0.1218, with price action dominated by profit-taking near resistance levels.
Volume patterns told the story of capital flows throughout the session. Trading activity exploded to 69.18 million tokens on December 14 at 20:00 UTC, marking an 86% surge above the 24-hour average of 32.8 million tokens, as HBAR tested critical resistance near $0.1194.
The rejection triggered a cascade of selling that pushed prices beyond established support levels, with subsequent sessions showing declining volume, signaling reduced institutional participation.
With institutional flows driving both initial selling and late session recovery, technical resistance levels at $0.1194 became the critical battleground for HBAR’s near-term direction.
Aside from a momentary spike during the October sell-off, HBAR is now trading at its lowest level since November 2024.
Key technical levels signal mixed outlook for HBAR
Support/Resistance: Critical resistance holds at $0.1194 after a large volume rejection, with new support established at $0.1121 after a late session reversal. Deeper support remains at $0.11.
Volume analysis: The peak volume of 69.18 million tokens validated the integrity of the resistance level, while a 750% volume spike at session close indicated renewed institutional interest following a period of declining participation.
Chart templates: The descending trendline from the $0.1218 high is broken, although the price remains within the established consolidation range between $0.1129 and $0.1193 formed during the session.
Targets and risk/reward: A break above resistance at $0.1194 targets a previous high near $0.1218, providing upside potential, while failure to hold support at $0.1121 risks retesting the $0.11 level.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team for accuracy and compliance with our standards. For more information, see CoinDesk’s full AI policy.
