HBAR slipped 4.3% on Monday from $0.1802 to $0.1725 as heavy selling during Asian trading hours broke key support levels. The token’s ups and downs marked a clear bearish shift, with price action consolidating within a range of $0.0120.
Trading volume soared 71% above its daily average, with 67.16 million tokens traded as of 04:00 GMT as HBAR fell below the $0.1720 support zone. This high volume move suggests institutional participation in the selling, which briefly pushed prices as high as $0.1688 before slowing.
As the session progressed, volume dropped sharply to just 3.42 million tokens, signaling that the intense selling pressure had eased. Nonetheless, the underlying bearish structure of the market remained intact, leaving traders cautious of further declines.
However, over the past hour, HBAR saw a strong recovery, climbing 1.2% to $0.1745 after breaking short-term resistance at $0.1726. The late surge, driven by an exceptional 3.55 million tokens traded in a matter of minutes, challenged the previous bearish tone, but with momentum fading near the $0.1745 level, it remains unclear whether the rebound marks the start of a reversal or simply a temporary reprieve.
Key Technical Levels Signal Conflicting Dynamics for HBAR
Support/Resistance
- Resistance at $0.1726 was breached in an attempt to recover late in the session.
- Critical support at $0.1720 was violated during the morning’s high-volume breakdown.
- Temporary floor established near session low $0.1688.
Volume analysis
- The morning peak at 67.16 million tokens confirmed the break of support with institutional flow.
- The recovery volume of 3.55 million shows strong short-term buying interest.
- Exhausting volume at $0.1745 caps immediate upside potential.
Chart templates
- A bearish structure with lower highs and lower lows dominates the 24-hour time frame
- A late breakout challenges the downtrend, but lacks sustained volume tracking.
- Price rejection at the psychological $0.1745 level creates a short-term ceiling
Targets and risk/reward
- Immediate resistance caps advances at the psychological barrier of $0.1745
- Support holds above temporary session low $0.1688
- The trading range is expected between $0.1688 and $0.1745 until volume returns.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance. our standards. For more information, see CoinDesk Comprehensive AI Policy.
