HBAR fell 0.6% to $0.1849 in Tuesday’s volatile session, testing the lower bound of its most recent trading range.
The decline from $0.1860 unfolded over a $0.0090 range, generating nearly 5% intraday volatility as traders probed key support and resistance levels.
Trading activity picked up and volume hit 85.9 million tokens – 47% above the session average – reflecting intensified selling near the $0.1860 resistance zone.
The token initially found support at $0.1775 before returning to $0.1865 mid-session. However, renewed selling pressure emerged in the final hour, pushing prices below crucial support and cementing a short-term bearish tone heading into Wednesday.
Still, the bearish technical outlook contrasts with Hedera’s strong corporate positioning. Partnerships with Google Cloud, IBM and Boeing continue to underline its institutional relevance in the blockchain sector.
Key technical levels Signal range division for HBAR
- Support/Resistance: Primary support shifts to $0.1840-0.1845 zone after breakdown, while resistance remains at $0.1860-0.1865 highs from Tuesday’s session.
- Volume analysis: 85.9 million token volume increase at resistance confirmed selling interest, although activity normalized over the last hour, falling to below-average levels.
- Chart Patterns: Range-bound structure between $0.1775-0.1865 invalidated on downside break, establishing new lower consolidation framework around current levels.
- Objectives and risk/reward: Immediate downside target of $0.1840-0.1845 represents a decline of 0.3-0.5% from current levels, while retracement of $0.1860 triggers a retest of the $0.1865 range highs.
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