HBAR fell sharply during the 24-hour period from October 16 at 15.00 until 17 October at 14:00, and fell from $0.18 to $0.16 – a decrease of 11.15% within a trading range of 12.74%.
The biggest sale took place between 06:00 and 08:00 on October 17, when the price fell from $0.17 to $0.16 on strong volume. Resistance formed at $0.17, while repeated rebounds near $0.16 established firm support despite a continued bearish pattern with lower highs.
In the last hour of trading, HBAR showed high volatility around the $0.16 mark, recovering briefly after a steep dive between 13:43 and 13:47. Trading volume rose above 4 million during this rally, suggesting temporary stabilization at key support levels.
The decline reflected broader market weakness, with selling pressure intensifying across the digital asset space. Despite near-term recovery efforts, HBAR remains under downward pressure, indicating that consolidation within the $0.16 range may precede any potential reversal.
Technical indicators reveal the fragility of the market
- HBAR declined 11.15% throughout the previous 24-hour period from October 16 at 15.00 to 17 October at 2 p.m.
- Robust resistance established at the $0.17 threshold accompanied by increased selling pressure.
- Support levels confirmed around the $0.16-$0.16 range with several rebound attempts.
- Lower tops pattern indicates sustained bearish momentum despite consolidation efforts.
- Volume rose to 175.12 million under peak selling pressure between 06:00-08:00.
- The last hour showed volatility with recovery attempts and increased volume of over 4 million.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial staff to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s full AI policy.
