HBAR fell 5.4% over the past 24 hours, falling from $0.1792 to $0.1695 as sellers regained control. The token traced a series of lower highs within a volatile $0.0140 trading range, indicating accelerating downside momentum.
Heavy selling intensified at $0.1820, where 123.7 million tokens – 95% above the 24-hour average – were exchanged, triggering a quick rejection and a sharp move lower through key support levels.
After briefly stabilizing near $0.1684 overnight, HBAR remained under pressure as each recovery attempt was met with renewed selling. The bearish tone dominated most of the session, keeping the token stuck near its lows and reinforcing the short-term downtrend.
A burst of volatility hit late in the day as HBAR rose from $0.1692 to $0.1708 within two minutes around 1:57 PM, accompanied by a surge in volume to 5.4 million tokens. The quick rally hinted at a possible short-term breakout attempt, but it failed to gain more than $0.1712, with sellers quickly retaking control.
The rejection of the late move underscored the ongoing tension between technical robustness and the prevailing bearish momentum. Immediate support is now at $0.1692-$0.1695, with a break below this zone likely to retest overnight lows near $0.1684.
Key Technical Levels Signal Breakdown Risk for HBAR
- Support/Resistance: Primary resistance locked at $0.1820 with secondary barrier at $0.1712; immediate support cluster defending $0.1692-$0.1695 zone above critical $0.1684 bottom
- Volume analysis: Explosive share increase of DKK 5.4 million. during 13:57-13:58 breakout attempts signal institutional interest; 95% above average volume confirms resistance strength at rejection points
- Chart Patterns: Established bearish trend with consecutive lower highs temporarily disrupted by late session reversal; failed channel breakout reinforces downside bias
- Targets & Risk/Reward: Immediate downside targets $0.1684 overnight; recovery requires sustained retracement of $0.1708-$0.1712 resistance with confirmatory volume expansion
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.
