HBAR slipped 4.3% on Monday, falling from $0.1802 to $0.1725 as heavy selling broke a key support level during Asian trading hours. The coin’s lower highs and lows have marked a clear bearish reversal, with price action consolidating in the $0.0120 range.
Trading volume surged 71% above its daily average, with 67.16 million tokens exchanged at 04:00 GMT as HBAR broke below the $0.1720 support zone. The high-volume move suggested institutional participation in the selloff, which drove prices to $0.1688 before momentum diminished.
As the session progressed, volume dropped sharply to just 3.42 million tokens, indicating that the intense selling pressure had subsided. Nevertheless, the underlying bearish market structure remained intact, leaving traders cautious about further downside.
However, in the last hour, HBAR made a sharp correction, climbing 1.2% to $0.1745 after breaking short-term resistance at $0.1726. Driven by an extraordinary 3.55 million tokens traded in minutes, the late surge challenged the earlier bearish tone – but with momentum slowing near the $0.1745 level, it remains uncertain whether the rebound marks the beginning of a reversal or just a temporary respite.
Key technical levels signal contrarian momentum for HBAR
support/resistance
- The $0.1726 resistance was broken during a late-session recovery attempt.
- A morning high-volume breakdown breached the crucial $0.1720 support.
- Temporary level established near session low $0.1688.
volume analysis
- The rise to 67.16M tokens in the morning confirmed the break of support with institutional inflows.
- Recovery volume of 3.55M reflects strong short-term buying interest.
- A volume finish at $0.1745 eliminates the possibility of immediate upside.
chart patterns
- Bearish structure with lower highs and lows dominates the 24-hour time frame
- Late breakout challenges downtrend but lacks sustained volume follow-through
- Price rejection at the psychological level of $0.1745 forms near-term limits
goals and risk/reward
- Immediate resistance range advances at the psychological barrier of $0.1745
- Support remains above the temporary session low at $0.1688
- Range trading is expected between $0.1688-$0.1745 until volume returns
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