HBAR fell 0.3% to $0.2010 on Tuesday as sellers regained control near key resistance. The token traded within a narrow $0.0124 range, falling from a session high of $0.2059 as technical selling limited upside momentum.
An increase in trading volume to 249 million tokens – 137% above average – confirmed heavy distribution at the $0.2055 level, suggesting institutional selling. Support at $0.1938 has held through repeated tests, but a series of lower highs at $0.2044, $0.2032 and $0.2017 signal continued bearish momentum.
Intraday volatility intensified between 13:33 and 13:48, with sharp swings from $0.2015 to $0.2029 amid outbursts of 20.6 million tokens. Trading stopped abruptly at 14:16, which pointed to possible market disruption or data problems. The $0.2014 pivot now acts as a key level as traders look to see if HBAR’s $0.1938 support can withstand continued pressure.
The price action follows Tuesday’s launch of a spot HBAR ETF on the Nasdaq, which led to a significant intraday increase in HBAR.
HBAR Technical overview
- Support/resistance
- Key support at $0.1938 has held through several tests.
- Strong resistance at $0.2055 remains intact after repeated rejections in high volume.
- Volume analysis
- Recent 249M token volume increase marks a 137% increase over average.
- Indicates institutional selling pressure and distribution concentrated near resistance.
- Chart Patterns
- Descending trend line confirms bearish momentum with successive lower highs at:
- Price action remains range-bound, but momentum favors sellers.
- Goal / Risk-reward
- Downside target: Break below $0.1938 support could trigger further weakness.
- Upside Potential: Recovery meets resistance at $0.2017 and larger supply near $0.2055.
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