Hedera’s HBAR token slipped 5% over the past 24 hours from $0.1932 to $0.1835 after breaking critical support at $0.1900. Sellers maintained control throughout the night, pushing prices to test new lows near $0.1815 before signs of stabilization emerged.
Trading activity increased sharply, with 114.18 million HBAR changing hands at the peak of the 16:00 GMT session, an 86% jump above the daily average of 61.4 million. The surge in volume aligns with failed efforts to reclaim resistance at $0.1951, which quickly reversed 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 burst in token volume of 3.09 million during a mid-session breakout attempt. The bulls managed to form a lower and higher pattern, reclaiming the $0.1835 level which now serves as immediate support.
Traders nevertheless remain divided. The near-term outlook depends on whether HBAR can extend its rebound towards the $0.1850-$0.1860 resistance group or risk further pressure below the $0.1815 floor. Technical momentum favors a cautious recovery, but a sustainable rise will depend on confirmation of volumes and general market sentiment.
Key Technical Levels Signal Conflicting Outlook for HBAR
Support/Resistance
- Old support: $0.1900 – now acting as strong overhead resistance.
- New support area: $0.1815 to $0.1835 following stabilization efforts.
- Immediate increase targets: $0.1850 to $0.1860 after hourly breakdown.
Volume
- Resistance rejection: Peak of 114.18 million tokens (≈86% above SMA).
- Bullish breakout attempt: Peak volume of 3.09 million on time reversal.
- Institutional activity: Focused around key technical inflection points.
Chart templates
- Daily trend: Bearish, with consecutive lows.
- Schedule structure: Bullish reversal with higher lows forming.
- Change in dynamics: The price reclaimed $0.1835 (now support) strongly.
Targets and risk/reward
- Bullish target: Resistance zone $0.1850 to $0.1860.
- Downside risk: Breakdown below the $0.1815 support zone.
- Critical Pivot: $0.1835 – key level defining near-term direction.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team for accuracy and compliance. our standards. For more information, see CoinDesk Comprehensive AI Policy.
