Altcoin News: Hedera (HBAR) Slides as Technical Breakdown Sparks Heavy Selling, Support Holds at $0.213

Key Takeaways:HBAR dropped ~4% from $0.22 to $0.21 as selling pressure and stop-loss triggers intensified.A single-hour volume spike of 179.3M tokens and a one-minute surge of 42.4M signaled capitulation.The token stabilized near $0.213, but resistance at $0.222 continues to cap recovery attempts.HBAR Price Action: Breakdown Below SupportHedera’s native token HBAR slipped sharply in the past 24 hours, falling from highs near $0.22 to a session low of $0.21. The decline marked a 4.3% intraday drop, triggered by heavy selling pressure, profit-taking, and broader risk-off sentiment across crypto markets.Attempts to reclaim higher ground were capped by resistance around $0.222, leading to a decisive breakdown below the $0.212–$0.214 support zone.Trading Volume Spikes as Bears Take ControlThe sell-off was accompanied by intense trading activity:179.34M tokens exchanged hands during the 13:00 UTC hour.A 42.37M one-minute volume spike at 13:50 signaled a capitulation phase.The price briefly rebounded to $0.216, but gains were short-lived as profit-taking dragged HBAR back toward $0.213.By session close, HBAR settled into a range between $0.212 and $0.214, with volumes tapering to an average of 3–8M per minute.Technical Outlook: Support Tested, Resistance IntactSupport: $0.212–$0.214 — a critical stabilization zone traders are monitoring.Resistance: $0.222 — sellers continue to reject upward momentum.Momentum: Bearish, with stop-loss cascades accelerating downside pressure.Despite the breakdown, stabilization near $0.213 suggests buyers are defending the zone. A sustained hold above this level could form the base for consolidation, while failure risks deeper corrections.Macro & Market ContextThe decline in HBAR mirrors broader crypto weakness, where traders reduced risk ahead of macroeconomic uncertainty. Even with Hedera’s ongoing regulatory progress, short-term technicals remain the dominant driver of price action.Market participants now await confirmation of support before committing to long positions, according to CoinDesk.