HBAR fell 2.6% in the last 24 hours, falling from $0.1736 to $0.1691, as sellers remained in control in a largely technical session. The move developed in a range of $0.0101 (about 5.9% of the trading value) without any major fundamental catalyst. Market participants continued to react to chart signals, with key levels guiding short-term sentiment.
Trading volume increased as HBAR tested its support level of $0.1688, rising 32% above the daily average to 63.6 million tokens. That burst of activity preceded a strong rally, suggesting renewed institutional buying interest near critical price floors. Resistance around $0.1770 capped earlier gains, while selling momentum gradually eased overnight.
On the hourly chart, the token is showing early signs of a reversal of its recent downtrend. HBAR has started to form higher lows, moving from $0.1682 to $0.1690 before briefly testing the resistance at $0.1706. A pullback to $0.1688 established a double bottom pattern, adding weight to the recovery narrative.
Traders are now eyeing the zone between $0.1720 and $0.1730 as a short-term target. Sustained volume and buying pressure will be key to validating this breakout and overcoming the broader downtrend that has defined HBAR’s recent price structure.
Technical analysis
Support/Resistance:
- The rise was limited to $0.1770.
- Short-term resistance lies between $0.1720 and $0.1730.
- Strong support that remains at $0.1688.
Volume analysis:
- Volume increase of 63.6 million, 32% above average during support test.
- Volume expansion continues through breakout attempts.
Chart Patterns:
- The formation of a double bottom at $0.1688 is confirmed.
- Sequence of emerging rising lows.
- Downtrend structure showing early signs of failure.
Objectives and risk/reward:
- Bullish targets in the area of $0.1720 to $0.1730.
- Stop-loss below $0.1682.
- Risk/reward 3:1 in a range of 5.9%.
Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and were reviewed by our editorial team to ensure accuracy and compliance. our standards. For more information, see CoinDesk’s full AI policy.
