HBAR fell 5.4% over the past 24 hours, falling from $0.1792 to $0.1695 as sellers gained control. The token traced a series of lower highs within the volatile $0.0140 trading range, pointing to accelerating downside momentum.
The massive selloff intensified at $0.1820, where 123.7 million tokens – 95% above the 24-hour average – were exchanged, leading to a sharp rejection and a sharp decline through key support levels.
After stabilizing near $0.1684 overnight, HBAR remained under pressure as each recovery attempt was met with renewed selling. Bearish tone dominated for most of the session, keeping the token close to its lows and reinforcing short-term downside.
Volatility exploded at the end of the day as HBAR surged from $0.1692 to $0.1708 within two minutes around 13:57, with volume increasing by 5.4 million tokens. The quick rally hinted at a possible short-term breakout attempt, but failed to gain momentum above $0.1712, where sellers quickly reestablished control.
The rejection of that late move underlined the ongoing tension between technical flexibility and the prevailing bearish momentum. Immediate support now lies at $0.1692-$0.1695, with a break below that area likely to send overnight lows near $0.1684.
Key technical levels signal breakdown risk for HBAR
- Support/Resistance: Primary resistance closed at $0.1820 and secondary resistance at $0.1712; Immediate support cluster protecting the $0.1692-$0.1695 area above the crucial $0.1684 floor
- Volume Analysis: Explosive 5.4M share spike during 13:57-13:58, indicating institutional interest; 95% volume above average confirms resistance strength at rejection points
- Chart Pattern: Established bearish trend featuring persistent lower lows that is temporarily interrupted by a late-session reversal; Failed channel breakout reinforces the downside
- Targets and Risk/Reward: Immediate downside target $0.1684 overnight low; Recovery requires a sustained retest of the $0.1708-$0.1712 resistance with confirmation of volume expansion
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