HBAR slipped 0.6% to $0.1849 during Tuesday’s volatile session, testing the lower limit of its recent trading range.
The decline from $0.1860 extended into a range of $0.0090, generating intraday volatility of nearly 5% as traders probed key support and resistance levels.
Trading activity peaked, with volume reaching 85.9 million tokens, 47% above the session average, reflecting intensified selling near the $0.1860 resistance zone.
The token initially found support at $0.1775 before rebounding to $0.1865 mid-session. However, fresh selling pressure emerged over the past hour, pushing prices below crucial support and cementing a short-term bearish tone heading into Wednesday.
Nonetheless, the bearish technical outlook contrasts with Hedera’s strong corporate positioning. Partnerships with Google Cloud, IBM and Boeing continue to highlight its institutional relevance in the blockchain sector.
Signal Range Breakdown of Key Technical Levels for HBAR
- Support/Resistance: The main support moves towards the $0.1840-0.1845 area after the breakout, while resistance holds at the highs of the $0.1860-0.1865 range from Tuesday’s session.
- Volume analysis: A volume spike of 85.9 million tokens at resistance confirmed selling interest, although activity has normalized over the past hour and fallen to below-average levels.
- Chart templates: The bounded structure between $0.1775 and $0.1865 was invalidated on a downside breakout, establishing a new lower consolidation framework around current levels.
- Targets and risk/reward: The immediate downside target between $0.1840 and $0.1845 represents a 0.3-0.5% downside from current levels, while recovery of $0.1860 triggers a retest of the $0.1865 range highs.
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