HBAR fell 2.1% to $0.1837 during Tuesday’s session as the cryptocurrency was rejected at key resistance levels near $0.1940.
The token initially saw modest gains of 1.09% at $0.1842, trading on volume 8.23% above its weekly average, before sellers emerged in the final hours.
The reversal trend developed as HBAR tested resistance around $0.1885 early in the session and then broke through consolidation support between $0.1840 and $0.1870.
Volume reached 142.7 million tokens during the outage, marking a 95% increase above the 24-hour average of 73.2 million and confirming institutional selling pressure.
With HBAR failing at resistance and breaking through consolidation zones, technical levels dominated price action while volume trends confirmed selling pressure. The 95% volume surge on the breakout from $0.1885 signals institutional distribution rather than retail profit-taking.
Key Technical Levels Signal Further Weakness for HBAR
- Support/Resistance: Critical support holds at $0.1831 after several successful tests; The broken support at $0.1842 now acts as immediate resistance, with major resistance remaining at the $0.1940 rejection level.
- Volume analysis: Allocation volume of 142.7 million shares exceeded the 24-hour SMA by 95%, confirming institutional selling; high activity at distribution zone marked by $0.1885 resistance
- Chart templates: The trend of lower highs from the $0.1967 high is intact; breakdown of consolidation zone from $0.1840 to $0.1870 validates bearish structure with downward acceleration
- Targets and risk/reward: Next downside target at $0.1820 if $0.1831 support fails; recovery requires reclamation of broken support at $0.1842 and a sustained move above the consolidation high at $0.1870
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