Hedera (HBAR) joined the UK's Wholesale Digital Markets Champion Taskforce, yet the token dropped roughly 10% over 24 hours to trade near $0.090. Whale-sized orders stayed active in both spot and futures markets, while a Fibonacci "golden zone" between $0.08335 and $0.08680 may be the level buyers need to defend.
Hedera [HBAR] joined the UK's Wholesale Digital Markets Champion Taskforce, strengthening its institutional adoption narrative. Yet the news arrived as the token's rally cooled near $0.10.
At press time, HBAR traded around $0.090, down approximately 10% over 24 hours. It had rallied earlier from around $0.07219 before meeting resistance near $0.10. Profit-taking may have contributed to the rejection, and for now the institutional development and the price correction told different stories.
Whales stayed active through the correction
Large traders remained active during HBAR's pullback, though spot and futures activity diverged. Spot Average Order Size registered Big Whale Orders, and the Spot Volume Bubble Map entered overheating territory following the rally. However, Spot Taker CVD remained neutral, leaving neither side in clear control of aggressive spot trading.
Futures Average Order Size also registered Big Whale Orders, but Futures Taker CVD stayed Taker Sell Dominant, showing that aggressive sellers kept challenging the recovery. Whale-sized orders kept large traders in the picture, though their presence alone did not show whether buyers could defend support.
A Fibonacci golden zone comes into focus
HBAR's rejection around the $0.10 zone triggered a correction that brought its Fibonacci retracement structure into focus. On the daily chart, the price moved toward $0.090, with the 0.5 retracement level at $0.08680 and the 0.618 level sitting at $0.08335, forming HBAR's golden zone. Support around $0.085 further strengthens the region as a potential reversal zone.
The MACD indicator remained bullish, but shrinking positive histogram bars suggest fading buying strength after the rally. The Money Flow Index had reached 80.85 at reporting time, placing HBAR in overbought territory and supporting a temporary cooling phase.
Liquidation data points to dense clusters around $0.088, with further liquidity extending toward $0.087, levels the token could target before reaching its Fibonacci support zone. A hold of the golden zone could reload demand before HBAR challenges the $0.10 supply zone again.
Source: AMBCrypto
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