Hedera Tumbles 4% as Altcoins Continue to Suffer

HBAR trades lower Thursday after breaking through multiple technical levels during an afternoon selloff that pushed the token down 4% to $0.1247. The native token of the Hedera network posts a $0.0082 range representing 6.4% volatility as resistance at $0.1320 proves insurmountable for bulls attempting to extend gains. Volume patterns reveal heightened institutional participation throughout the session. The surge in trading activity confirms genuine price discovery rather than low-liquidity movements characteristic of smaller altcoins. The afternoon cascade establishes a clear lower high pattern from the initial Dec. 11 spike, creating deteriorating market structure that accelerates downward momentum through previously established support zones. Technical levels at $0.1235 become paramount as HBAR tests critical support following rejection at $0.1320 resistance. The stabilization pattern around $0.124-$0.125 following dramatic capitulation creates potential for mean reversion back to $0.126 resistance. Traders remain cautious given the decisive break of higher timeframe support levels and exceptional volume during the decline that indicates conviction selling. This limits near-term upside potential despite the immediate price recovery that brings some relief to bulls. Support/Resistance: Volume Analysis: Chart Patterns: Targets & Risk/Reward: Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. More For You Protocol Research: GoPlus Security What to know: More For You DOT Sinks 2% After Breaking Key Support The Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97. What to know: Kaynak: www.coindesk.com | Orijinal: https://www.coindesk.com/markets/2025/12/12/hedera-tumbles-4-as-altcoins-continue-to-suffer Özet Notu (2025-12-12 20:54): Hedera Tumbles 4% as Altcoins Continue to Suffer Kaynak: www.coindesk.com