This Tuesday, Hedera’s native token experienced a notable pullback by piercing its HBAR technical support, trading near $0.146. According to analysis by Oliver Knight from CD Analytics, this 0.5% drop was driven by intense institutional selling pressure that has weakened the market structure. The breakdown of key levels amidst elevated volume suggests that large traders are dominating short-term price action.
Trading activity recorded a drastic increase on November 18, reaching 145.7 million tokens, a figure exceeding the usual moving average by 73%. During the session, the asset marked multiple lower highs within a narrow range, generating 4.9% intraday volatility. This wave of volume confirmed the decisive breakdown of the $0.1458 level, validating seller strength. Furthermore, recovery attempts near $0.147 were aggressively rejected with selling spikes of 5.2 million tokens.
Institutional distribution accelerates the asset’s decline
Given the lack of fundamental catalysts justifying the move, technical factors have taken absolute control of investor sentiment. The pattern of lower highs indicates clear institutional distribution, where sales are executed leveraging available liquidity during bounces. The systematic failure to sustain prices above support zones underscores persistent weakness in demand. Therefore, the market interprets these flows as a strategic exit signal by major financial entities.
With the $0.1458 level now acting as immediate resistance, the path to recovery presents significant obstacles for buyers. If bearish pressure persists, the price could head toward the next target at $0.1451. Likewise, the health of the token’s economy appears fragile, as the alignment between daily weakness and short-term selling suggests that traders could face additional risks of imminent downside before a bullish reversal materializes.
Finally, Hedera’s technical structure remains vulnerable as long as distribution patterns do not show clear signs of exhaustion. Investors will need to monitor if selling volume decreases in coming sessions to identify a potential bottom. The asset’s ability to reclaim lost levels will be determinant in defining whether this correction is merely a temporary pause or the beginning of a deeper and more prolonged negative trend.
