Hedera experienced a significant decline this Sunday, touching Hedera annual lows after failing to overcome key resistances during the US session. According to the analysis presented by Oliver Knight for CD Analytics, technical selling pressure dominated the market, leading the asset to trade at levels not seen since November of last year.
The digital asset recorded a 5.8% drop, sliding from 0.1202 dollars to touch fragile support at 0.1127 dollars. Trading volume exploded reaching 69.18 million tokens, representing a massive 86% increase regarding the usual daily average. This frenetic activity occurred just when the price was attempting to break upper levels without success.
Price action confirmed a clear bearish structure after being firmly rejected in the 0.1194 dollar resistance zone. However, a late rally managed to break the descending trendline, suggesting that institutional buyers could be returning to the market to defend supports. Thus, this volatile movement has left traders attentive to a possible reversal.
Will institutional volume be able to reverse the current bearish trend?
This pullback marks the lowest trading point for the project in over a year, excepting a brief liquidation in October. The integrity of current support levels is crucial, as a break below 0.11 dollars could trigger additional panic selling. On the other hand, institutional participation seems to be the main driver behind this extreme volatility.
Technical analysts now observe a decisive battle between bulls and bears in the recently formed consolidation range. If the asset manages to overcome immediate resistance, it could aim again towards the 0.1218 dollar target, recovering lost ground in the blockchain network. However, failure to maintain the current floor would expose the price to much deeper drops in the short term.
Is this the definitive moment of capitulation for Hedera?
The technical outlook presents mixed signals, combining strong initial selling pressure with signs of late accumulation near the close. Traders must watch volume behavior closely, as a sustained increase would validate the break of the bearish trend. Finally, the next few hours will be determinant to confirm if the asset has found a solid floor or will continue falling.
Volatility is expected to continue while the market decides the direction after testing critical liquidity zones at both extremes. Confirmation of a trend change will depend strictly on the price’s ability to remain above 0.1121 dollars. In this way, the coming week will define the medium-term trajectory for investors.
