HBAR plunges 3% below support as crypto market plunges

HBAR slipped to $0.1373, decisively breaking its established support of $0.145 after failing to hold its consolidation range. The token’s late session sell-off confirmed the move from a neutral structure to a clearly bearish setup as price action deteriorated into the close.

Liquidity has fractured sharply over the past hour, including a brief trading halt between 2:12 p.m. and 2:14 p.m. during which no volume was recorded. This pause in trading activity raises red flags about possible structural problems or a short-term liquidity crisis, both of which can amplify downward pressures during periods of stress.

Earlier in the session, a 138% surge in volume highlighted strong resistance at $0.1486. Although HBAR initially saw a V-shaped rebound from its intraday low of $0.1382, the buying momentum quickly faded, leaving the asset vulnerable to subsequent breakdown.

HBAR/USD (TradingView)

Key Technical Levels Signal Downside Risk for HBAR

Support/resistance analysis:

  • The main support at $0.1382 becomes critical after the consolidation range fails.
  • Former support at $0.1445 likely acts as resistance to recovery attempts.
  • Key resistance remains at $0.1486, where rising volume marked rejection.

Volume analysis:

  • 146.94 million tokens increase by 138% above the average signal distribution phase of 61.8 million.
  • The volume contraction to 9.76 million tokens precedes a critical outage.
  • A trading halt at zero volume indicates severe liquidity stress.

Chart templates:

  • Consolidation range between $0.1446 and $0.1477 invalidated by the breakdown.
  • The V-shaped recovery pattern from $0.1382 fails to maintain momentum.
  • A total trading range of $0.0096 (6.5%) suggests increased volatility potential.

Risk/reward assessment:

  • A breakdown below $0.1440 targets support at the $0.1382 level.
  • The recovery faces immediate resistance at former support $0.1445.
  • The suspension of trading raises concerns about market depth and liquidity infrastructure.

Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team for accuracy and compliance with our standards. For more information, see CoinDesk’s full AI policy.

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