HBAR fell 4.3% on Monday, falling from $0.1802 to $0.1725, as heavy selling in Asian hours broke key support levels. The token’s lower ups and downs marked a clear bearish shift, with price action consolidating above a $0.0120 range.
Trading volume increased 71% above its daily average, with 67.16 million tokens exchanged at 04:00 GMT as HBAR broke below the $0.1720 support zone. The high-volume move hinted at institutional participation in the selling, which briefly pushed prices as low as $0.1688 before momentum faded.
As the session progressed, volume dropped sharply to just 3.42 million tokens, signaling that the intense selling pressure had subsided. Still, the underlying bearish market structure remained intact, leaving traders wary of further downside.
In the last hour, however, HBAR staged a strong recovery, rising 1.2% to $0.1745 after breaking through short-term resistance at $0.1726. The late surge, fueled by an unusual 3.55 million tokens traded in a few minutes, challenged the earlier bearish tone – but with momentum fading near the $0.1745 level, it remains uncertain whether the rebound marks the start of a reversal or just a temporary reprieve.
Key Technical Levels Signal Conflicting Momentum for HBAR
Support/resistance
- $0.1726 resistance breached during late session recovery attempt.
- Critical support at $0.1720 was breached in this morning’s high volume breakdown.
- Temporary bottom established near $0.1688 session low.
Volume analysis
- Morning increase to 67.16 million. tokens confirmed support breakdown with institutional flow.
- Recovery volume of 3.55 million shows strong short-term buying interest.
- Volume exhaustion at $0.1745 caps immediate upside potential.
Chart Patterns
- Bearish structure with lower ups and downs dominates 24-hour time frame
- Late breakout challenges downtrend but lacks sustained volume follow-through
- Price rejection at $0.1745 psychological level creates a short-term ceiling
Goals and risk/reward
- Immediate resistance tops out at the $0.1745 psychological barrier
- Support holds above $0.1688 temporary session low
- Range trading is expected between $0.1688-$0.1745 until volume returns
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.
