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HBAR Declines 2.1% to $0.1837 as Volume Spike Signals Technical Breakdown

HBAR dropped 2.1% to $0.1837 amid increased volume and institutional selling. The token fell from $0.1885 to $0.1837, erasing earlier gains during the final trading hour. Volume spiked to 142.7 million tokens, a 95% increase above the 24-hour average, indicating strong institutional selling pressure. HBAR tested resistance around $0.1885 before failing to maintain its position, leading to a breakdown through key consolidation support levels between $0.1840 and $0.1870. The surge in volume confirmed a lack of retail profit-taking and suggested ongoing institutional distribution. Key technical indicators point to further weakening for HBAR; immediate support now holds at $0.1831 while resistance has shifted to the previously tested $0.1842. The bearish structure remains intact, with potential downside targeting $0.1820 if support fails.

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