HBAR fell 5.4% over the past 24 hours from $0.1792 to $0.1695 as sellers regained control. The token charted a series of lower highs within a volatile trading range of $0.0140, indicating accelerating bearish momentum.
The sell-off intensified at $0.1820, where 123.7 million tokens – 95% above the 24-hour average – were traded, triggering a rapid rejection and sharp decline from key support levels.
After briefly settling near $0.1684 overnight, HBAR remained under pressure as each recovery attempt was met with further selling. The bearish tone dominated most of the session, keeping the token near its lows and reinforcing the short-term downtrend.
A burst of volatility occurred late in the day when HBAR rose from $0.1692 to $0.1708 in two minutes around 1:57 p.m., accompanied by a volume spike at 5.4 million tokens. The rapid rally hinted at a possible near-term breakout attempt, but failed to gain traction beyond $0.1712, where sellers quickly reasserted their control.
The rejection of this late decision highlighted the ongoing tension between technical resilience and prevailing bearish momentum. Immediate support now lies between $0.1692 and $0.1695, with a break below this area likely to retest the overnight lows near $0.1684.
Key Technical Levels Signal Downside Risk for HBAR
- Support/Resistance: Primary resistance stuck at $0.1820 with secondary barrier at $0.1712; Immediate support cluster defending $0.1692-$0.1695 zone above critical $0.1684 floor
- Volume Analysis: An explosive spike of 5.4 million shares during an attempted breakout from 1:57 p.m. to 1:58 p.m. signals institutional interest; A volume 95% above average confirms the strength of resistance at the discharge points
- Chart Patterns: downtrend established with consecutive lower highs temporarily disrupted by a reversal late in the session; failure of channel breakout reinforces bearish bias
- Targets and Risk/Reward: Immediate decline targets daily low at $0.1684; recovery requires sustained recovery from resistance at $0.1708 to $0.1712 with confirmation of volume expansion
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.
