HBAR declined by 5.4% over the last 24 hours, dropping from $0.1792 to $0.1695 as sellers regained control. The token formed a series of lower highs within a volatile $0.0140 trading range, indicating increasing downside momentum.
Significant selling pressure emerged at $0.1820, where 123.7 million tokens—95% above the 24-hour average—were traded, causing a sharp rejection and downward movement through critical support levels.
Following a brief stabilization near $0.1684 overnight, HBAR continued to face pressure, with each recovery attempt met by renewed selling. The bearish sentiment dominated most of the session, keeping the token close to its lows and reinforcing the short-term downtrend.
A spike in volatility occurred late in the day when HBAR rose from $0.1692 to $0.1708 in just two minutes around 13:57, accompanied by a surge in volume to 5.4 million tokens. This quick rally suggested a potential short-term breakout attempt but failed to sustain momentum beyond $0.1712, where sellers promptly regained control.
The rejection of that late move highlighted the ongoing conflict between technical resilience and prevailing bearish momentum. Immediate support is now situated at $0.1692–$0.1695, with a breakdown below this zone likely to retest overnight lows near $0.1684.
Key Technical Levels Signal Breakdown Risk for HBAR
- Support/resistance: Primary resistance set at $0.1820 with a secondary barrier at $0.1712; immediate support cluster holding the $0.1692-$0.1695 zone above the critical $0.1684 floor
- Volume analysis: Dramatic 5.4M share spike during the 13:57-13:58 breakout attempt indicates institutional interest; 95% above-average volume confirms resistance strength at rejection points
- Chart patterns: Established bearish trend featuring consecutive lower highs temporarily interrupted by a late-session reversal; failed channel breakout strengthens downside bias
- Targets & risk/reward: Immediate downside targets near $0.1684 overnight lows; recovery requires sustained reclaim of $0.1708-$0.1712 resistance with confirming volume expansion
Disclaimer: Some portions of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For additional information, see CoinDesk’s complete AI Policy.
