HBAR fell 0.6% to $0.1849 in Tuesday’s volatile session, testing the lower limit of its recent trading range.
The decline from $0.1860 developed into a range of $0.0090, generating almost 5% intraday volatility as traders explored key support and resistance levels.
Trading activity surged, with volume reaching 85.9 million tokens (47% above the session average), reflecting intensified selling near the $0.1860 resistance zone.
The token initially found support at $0.1775 before bouncing to $0.1865 mid-session. However, renewed selling pressure emerged in the last hour, pushing prices below crucial support and consolidating a short-term bearish tone heading into Wednesday.
Still, the bearish technical outlook contrasts with Hedera’s strong business positioning. Partnerships with Google Cloud, IBM and Boeing continue to highlight its institutional relevance in the blockchain sector.
Signal Range Breakdown of Key Technical Levels for HBAR
- Support/Resistance: Primary support moves to the $0.1840-0.1845 zone after the breakout, while resistance remains at the highs of the $0.1860-0.1865 range from Tuesday’s session.
- Volume analysis: The surge in token volume of 85.9 million at resistance confirmed selling interest, although normalized activity over the past hour declined to below-average levels.
- Chart Patterns: The range structure between $0.1775-0.1865 was invalidated upon a downside breakout, establishing a new lower consolidation framework around the current levels.
- Objectives and risk/reward: The immediate bearish target at $0.1840-$0.1845 represents a 0.3-0.5% decline from current levels, while the recovery of $0.1860 triggers a retest of the $0.1865 range highs.
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