Hedera’s HBAR token saw strong swings between $0.18 and $0.19 during a volatile 23-hour period from October 14 to 15, with prices moving in a 5% range. The token rose from $0.18 to a high of $0.19 before meeting resistance and eventually settling near $0.19 for a modest 2% gain. Support around $0.19 held firm through multiple tests, while selling pressure limited bullish momentum.
Technical indicators point to consolidation, with trading volumes showing a distribution at intraday highs as traders book profits. The standoff between buyers and sellers suggests near-term uncertainty, even as support remains intact.
Across the market, geopolitical tensions and changes in trade policies continued to weigh on investor sentiment. Disruptions to global capital flow have raised concerns about blockchain payment networks like Hedera, which rely on cross-border stability.
HBAR’s whip trade underscores the growing sensitivity of cryptocurrencies to macroeconomic conditions. The token’s late-session rally highlighted how traders are grappling with external pressures as risk appetite remains fragile across digital assets.
Key technical levels emerge
- The trading band spans $0.009, representing a 5% gap between the high of $0.192 and the low of $0.181.
- Strong resistance forms near $0.19 with multiple failed breakout attempts
- Critical Support Zone Anchors Around $0.19-$0.19 Through Repeated Successful Tests
- Volume exceeds 8.9 million during the selling phase at 1:48 p.m.
- Latest hour shows textbook support-resistance dynamics during recovery move
- The consolidation mode emerges with a bearish bias that accumulates at the close of the session
- Elevated volume at key levels indicates institutional involvement during breakouts and retests
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