HBAR fell 1.4% on Tuesday as bearish momentum intensified, driving the token from $0.1698 to $0.1675. The move followed a failed attempt to regain the $0.1700 resistance level, with sellers pushing prices below the key $0.1650 support. Trading volume surged 68% above its 24-hour average to 105.45 million tokens around 10 p.m. 21:00 UTC, which coincided with the decisive breakdown that confirmed bearish control.
Intraday volatility reached 4.9% as HBAR’s price fluctuated within a $0.0084 range. Short-term data showed a sharp rejection from the $0.1690-$0.1697 zone, which now acts as resistance after repeated failures to sustain upward momentum. The subsequent drop towards $0.1676 reinforced a bearish reversal pattern, signaling weakening market sentiment.
Technical factors remain the focus with limited fundamental catalysts driving action. Inability to recover above $0.1700 combined with volume backed support breaks has shifted the structure sharply to the downside. Traders are watching $0.1690 for signs of a reversal, while continued weakness below $0.1650 could open the way towards the next support near $0.1620.
A brief rally to $0.1675 on thin volume only suggests a technical retracement rather than a sustained recovery. Unless buying pressure strengthens meaningfully, HBAR’s near-term outlook remains tilted toward further declines.
Key technical levels Signal bearish structure for HBAR
- Support/resistance analysis
- Primary Resistance: $0.1690-$0.1700 zone after several failed breakout attempts
- Critical support at $0.1650 broken during high volume movement, now acts as resistance on retest
- Secondary support at $0.1620where institutional volume absorption previously occurred
- Volume analysis
- Institutional Volume Peak: 105.45 million tokens, 68% over 24-hour SMA confirming support breakdown
- Decreasing volume on recovery to $0.1675 signals weak buying interest
- Volume trends indicate distributionnot accumulation, at current price levels
- Chart Patterns
- Bearish reversal confirmed with lower highs and lower lows
- Failed breakout above $0.1700 offered a sale
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