HBAR fell 2.6% over the past 24 hours from $0.1736 to $0.1691 as sellers remained in control during a largely technical session. The move occurred within a range of $0.0101, or around 5.9% of the trade value, without any major fundamental catalysts. Market participants continued to respond to chart signals, with key levels guiding near-term sentiment.
Trading volume surged as HBAR tested its $0.1688 support level, surging 32% above the daily average at 63.6 million tokens. This burst of activity preceded a sharp rebound, hinting at renewed interest from institutional buyers near critical price floors. Resistance around $0.1770 capped earlier gains, while selling momentum gradually eased overnight.
On the hourly chart, the token is showing early signs of a reversal of its recent downward trend. HBAR began to form higher lows, rising from $0.1682 to $0.1690 before briefly testing resistance at $0.1706. A pullback to $0.1688 established a double bottom trend, adding weight to the recovery narrative.
Traders are now considering the $0.1720 to $0.1730 area as a short-term target. Sustained volume and buying pressure will be key to validating this breakout and overcoming the broader downtrend that has defined HBAR’s recent price structure.
Technical analysis
Support/Resistance:
- Upside capped at $0.1770.
- Short-term resistance seen between $0.1720 and $0.1730.
- Strong support holding at $0.1688.
Volume analysis:
- Peak volume of 63.6 million, 32% above average during support test.
- Volume expansion continues through breakout attempts.
Chart templates:
- Double bottom formation confirmed at $0.1688.
- Sequence of higher lows emerging.
- Downtrend structure showing early signs of failure.
Targets and risk/reward:
- Upside targets in the $0.1720 to $0.1730 area.
- Stop-loss below $0.1682.
- Risk/reward 3:1 on a range of 5.9%.
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.
