Hedera’s HBAR token fell 5% in the last 24 hours, falling from $0.1932 to $0.1835 after breaking critical support at $0.1900. Sellers maintained control overnight, causing prices to test new lows near $0.1815 before signs of stabilization emerged.
Trading activity picked up sharply, with 114.18 million HBAR changing hands at the 16:00 GMT session peak – an 86% jump over the daily average of 61.4 million. The surge in volume coincided with a failed push to regain $0.1951 resistance, which quickly turned into a cascade of sell orders that cemented the break below $0.1900.
Despite the broader bearish tone, short-term charts suggest early signs of recovery. Hourly data shows a 0.77% rebound from $0.1825 to $0.1839, supported by a 3.09 million token volume burst during a mid-session breakout attempt. Bulls managed to form a higher low pattern and reclaim the $0.1835 level that now acts as immediate support.
Still, traders remain divided. The near-term outlook depends on whether HBAR can extend its jump towards the $0.1850-$0.1860 resistance cluster or risks renewed pressure below the $0.1815 floor. Technical momentum favors a cautious recovery, but sustained upside will depend on volume confirmation and broader market sentiment.
Key Technical Levels Signal Conflict Outlook for HBAR
Support/resistance
- Previous support: $0.1900 – now acting as strong overhead resistance.
- New support zone: $0.1815-$0.1835 after stabilization efforts.
- Immediate upside goals: $0.1850–$0.1860 after hourly break.
Bind
- Resistance Rejection: 114.18M token spike (≈86% above SMA).
- Bullish breakout attempts: 3.09M volume peak on hourly reversal.
- Institutional activity: Concentrated around key technical turning points.
Chart Patterns
- Daily trend: Bearish, with consecutive lower lows.
- Time structure: Bullish reversal with higher low formation.
- Momentum Shift: Price recovered $0.1835 (now support) with strength.
Goals and risk/reward
- Bullish targets: $0.1850-$0.1860 resistance zone.
- Bearish risk: Breakdown below $0.1815 support zone.
- Critical Pivot: $0.1835 – key level that defines direction in the short term.
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.
