Hedera Hashgraph’s HBAR Faces Significant Selling Pressure
- HBAR’s price fluctuated between $0.21 and $0.22, experiencing a total decline of approximately 6% over the trading period ending October 10.
- Trading volume surged to 262.49 million, nearly six times higher than the average of 47.32 million for the session.
- The most significant liquidation occurred between the hours of 3:30 PM and 3:35 PM, with trading volumes reaching over 12.80 million and then spiking to over 16.90 million.
- Technical analysis indicated that HBAR broke through multiple short-term support levels during the final hour of trading.
- Institutional selling pressure intensified around the inflection point at approximately **3 PM**, leading to sharp declines in price.
The heavy institutional selloff of HBAR reflects broader market movements as traders adjust portfolios ahead of potential regulatory changes, causing liquidity constraints and increased volatility in prices.
As a result, HBAR saw significant trading activity with volumes peaking at **262.49 million** during a critical selloff period on October **10**.(Source)
