HBAR fell 4.2% in the 24-hour period ending November 4, from a session high of $0.181 to $0.173 as technical selling overwhelmed recent ETF momentum.
The sell-off created a clear bearish structure with lower highs and lower lows throughout the session.
HBAR is trading in a range of $0.0131, representing 7.4% volatility. The largest sell-off occurred at 05:00 GMT with 171.0 million tokens changing hands, 84% above the 24-hour moving average, as prices moved from $0.1775 to $0.1703 and confirmed resistance at $0.1783.
Recent 60 Minutes data showed HBAR entering volatile trades in two phases. Initial selling pressure took prices from $0.1755 to $0.1726, followed by an attempted recovery to $0.1763 before the new distribution pushed prices to the session low of $0.1721. Failure to hold above the $0.1740 support signaled broader bearish control despite rebound attempts.
Key Technical Levels Signal Consolidation Risk for HBAR
- Primary support holds at the psychological $0.1700 level, with resistance confirmed at $0.1783 after several rejection attempts.
- Volume activity is 28.69% above the 7-day average but still below the 30-day threshold, suggesting routine distribution rather than institutional buying.
- A downtrend structure is forming with lower highs and lower lows, and the break of $0.1740 support confirms a change in bearish momentum.
- Immediate resistance lies at $0.1750, with downside risk extending towards support at $0.1700 aligned with the previous 24-hour consolidation zone.
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.
