HBAR saw Sharp selling pressure on October 3, with momentum intensifying at the final time of trading. After a short $ 0.224, the token fell to $ 0.222, breaking the main support and end of the session down 0.9%.
The steep collapse came between 13:50 and 14:00, when volumes spiked above 3 million, sign of institutional distribution and panic-driven seller. Repeated -repeated failures to recover $ 0.224 Leave HBar vulnerable to further collapse to $ 0.220.
Throughout the wider 23-hour periods from October 2 to 3, HBAR dropped 3.6% from $ 0.23 to $ 0.22 with a volume of 51.3 million, emphasizing the heavy participation of the institution in sale.
Despite close weakness, attention remains a potential SEC decision in November in Crypto ETF areas. Backing from the governing members of the council such as Google and IBM, Hedera can benefit from approved regulation even if these technical ones point to continuous pressure.
Technical metrics indicate continuous weakness
- HBAR formed a unique downward trajectory following its peak at $ 0.23 on October 2:00, with resistance to the formation of a $ 0.23 threshold where prices repeatedly reversed less than many trading sessions.
- The essential support built at $ 0.23 at midnight on October 3, followed by an additional support area near $ 0.22, though both thresholds showed weakness under the ongoing sale of momentum.
- Trade properties revealed high activity throughout the initial decline and subsequently at the 13:00 session on 3 October with 51.3 million in volume, indicating institutional contact with the Bearish movement.
- Technical destruction intensified in the final time as HBAR struggled to maintain recovery efforts above the $ 0.22 threshold resistance, which proved a violation of important support thresholds.
- Excellent volume of surge exceeds 3 million and 2.5 million during the 13: 50-14: 00 window in conjunction with intense sale activity, showing institutional distribution and sale driven by fear.
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