HBAR Price Drops 6% With Massive Volume Spike as Crypto Market Falls

Hedera Hashgraph's HBAR token faced significant institutional selling pressure during the 24-hour trading period ending October 10, with prices moving in a volatile 6% range between $0.21 and $0.22. After showing early strength that pushed HBAR toward daily highs near $0.22, the cryptocurrency reversed sharply in the final trading hour as institutional investors launched widespread selloffs that eliminated earlier gains. Trading metrics revealed extraordinary activity during this decline, with volumes jumping to 262.49 million—approximately six times higher than the session's 47.32 million average. Market analysts pinpointed 3:00 PM on October 10 as the turning point when the most substantial liquidation occurred. The sudden volume surge and price pressure indicated coordinated selling by institutional traders, potentially as part of broader portfolio adjustments. From a technical perspective, HBAR breached multiple short-term support levels during the final hour, with prices stabilizing only as trading activity diminished in the closing minutes. The sharp decline and subsequent quiet period may reflect temporary liquidity issues or trading desk shutdowns as institutions reduced exposure ahead of potential regulatory announcements. Technical Analysis for Corporate Investors • Key resistance formed around $0.22 where institutional buying interest consistently failed to develop at higher price points • Initial support appeared near the $0.21 range before being decisively broken during the final hour's institutional selling wave • The most substantial institutional liquidation happened between 3:30-3:35 PM, where corporate trading volume surged to over 12.80 million and 16.90 million respectively • Prices dropped from $0.21 to a session low of $0.21 before corporate buyers attempted a modest recovery to $0.21 by 3:44 PM • Institutional trading activity completely stopped during the final four minutes (3:56-3:59 PM), suggesting corporate trading desk closures or temporary liquidity constraints ahead of regulatory developments