Hedera’s HBAR token plummeted 5.8% to $0.1127, breaching key support levels amidst technical selling pressure. The cryptocurrency’s bearish trend was solidified after failing to sustain gains above $0.1218, leading to profit-taking near resistance levels. Trading volume surged to 69.18 million tokens on Dec. 14, with a rejection at $0.1194 resistance triggering a sell-off. Institutional flows played a significant role in price action, with HBAR now trading at its lowest point since November 2024. Critical resistance remains at $0.1194, while support is at $0.1121, with deeper support at $0.11. Chart patterns show a consolidation range between $0.1129-$0.1193, with upside potential upon breaking above $0.1194 and downside risk below $0.1121.

Read more at Yahoo Finance: Hedera Slides to Lowest Point in a Year as Crypto Market Plunges