Hedera’s 10% drop on Dec. 1 has pushed HBAR back to a key support zone, where consolidation, fading volume, and institutional selling pressure are shaping the next move.
Hedera’s 10% drop on Dec. 1 has pushed HBAR back to a key support zone, where consolidation, fading volume, and institutional selling pressure are shaping the next move.Trading activity jumped 25% above weekly averages, signaling institutional engagement.
Hedera plunged 10% on Dec. 1, riding a broader market downturn as it now rests at a key level of support at $0.1308. The breakdown occurred during the daily candle open at 00:00 UTC, also timed alongside the opening trade of bitcoin futures on the CME. HBAR has now confirmed a downtrend on multiple timeframes after a massive volume spike to 241.5 million tokens, 338% above the 24 hour average. This confirms institutional selling and establishes current support at $0.1307. HBAR underperforms the broader crypto market by 1.35%, indicating rotation toward digital assets with stronger fundamentals.Recent 60-minute data shows HBAR trading between $0.1306-$0.1325, consolidating around $0.1307 on lighter volume. This stabilization suggests potential accumulation near previous support, though broader technicals remain challenged by the failed breakout and market underperformance. HBAR holds above the $0.1307 floor established during the breakdown, with intermittent volume spikes above 3 million tokens indicating selective buying interest. However, inability to sustain gains above $0.1315 despite elevated activity questions near-term momentum, especially if institutional flows favor alternatives with stronger setups.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. As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M , followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.Grayscale's expected conversion of its Chainlink Trust to the first U.S. spot LINK ETF failed to jolt prices.
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