HBAR fell 4.2% in the 24-hour period ending Nov. 4, falling from session highs of $0.181 to close at $0.173, as technical selling overwhelmed recent momentum in the ETF.
The selloff created a clear bearish structure with lower highs and lower lows throughout the session.
HBAR is trading within a $0.0131 range, representing 7.4% volatility. The biggest sale hit at 05:00 GMT with 171.0 million tokens changing hands – 84% above the 24-hour moving average – as prices broke from $0.1775 to $0.1703 and confirmed resistance at $0.1783.
Recent 60-minute data showed HBAR entering volatile two-phase trading. Initial selling pressure drove prices from $0.1755 to $0.1726, followed by a recovery attempt at $0.1763 before renewed distribution pushed prices to a session low of $0.1721. The failure to hold above $0.1740 support signaled broader bearish control despite rejection attempts.
Key Technical Levels Signal Consolidation Risk for HBAR
- Primary support holds at the $0.1700 psychological level, with resistance confirmed at $0.1783 after several rejection attempts.
- The volume activity is 28.69% above the 7-day moving average but remains below the 30-day mark, suggesting routine distribution rather than institutional buying.
- The downtrend structure is forming with lower highs and lower lows, and the support break at $0.1740 confirms a bearish momentum shift.
- Immediate resistance is at $0.1750, with a downside risk extending towards $0.1700 support in line with the previous 24-hour consolidation zone.
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.
