Hedera’s HBAR fell below key technical support levels on Tuesday, extending its 24-hour decline from around $0.1459 to $0.1451. The token made several lower highs within a tight range of $0.0074, producing a 4.9% intraday move that highlighted growing structural weakness in the market.
Trading activity surged to 145.7 million tokens on November 18 – around 73% above its moving average – reinforcing strong resistance at $0.1525 and hinting at possible institutional selling. The failure to sustain bounces, including a high volume rejection at 2:07 p.m., highlighted continued bearish momentum as HBAR decisively broke below the $0.1458 support level.
In the absence of major fundamental catalysts, technical factors continued to boost sentiment. The combination of increased volume on breakdowns, repeated and unsuccessful rebound attempts, and an alignment between broader 24-hour weakness and near-term selling pressure suggests that traders may face additional downside risks before a meaningful rally can form.
Key Technical Levels Signal Extended Weakness for HBAR
- Support/Resistance: The main support lies at $0.1451 with resistance at $0.1525; A breakdown of $0.1458 sets the stage for session lows.
- Volume analysis: Institutional sales peaked at 145.7 million tokens during the stress test; a downward tracking suggests completion of the distribution cycle.
- Chart templates: The formation of lower highs confirms the acceleration of the trend; failed bounces at 2:07 p.m. with peak volume of 5.2 million validate the breakdown scenario.
- Targets and risk/reward: Next downside target at $0.1451 support; the recovery faces resistance at the broken $0.1458 level, now acting as an overhead bid.
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