HBAR fell sharply during the 24-hour period from October 16 at 3:00 PM to October 17 at 2:00 PM, falling from $0.18 to $0.16, a drop of 11.15% within a trading range of 12.74%.
The biggest selling occurred between 06:00 and 08:00 on October 17, when the price fell from $0.17 to $0.16 due to high volume. Resistance formed at $0.17, while repeated bounces near $0.16 established firm support despite a continued bearish pattern of lower highs.
In the last hour of trading, HBAR showed high volatility around the $0.16 mark, briefly recovering after a sharp drop between 1:43 p.m. and 1:47 p.m. Trading volume exceeded 4 million during this rally, suggesting a temporary stabilization at key support levels.
The drop reflected broader market weakness, with selling pressure intensifying across the digital asset space. Despite short-term recovery efforts, HBAR remains under downward pressure, indicating that consolidation within the $0.16 range may precede any potential reversal.
Technical indicators expose market fragility
- HBAR decreased by 11.15% during the previous 24-hour period, from October 16 at 3:00 PM to October 17 at 2:00 PM.
- Robust resistance established at the $0.17 threshold accompanied by elevated selling pressure.
- Support levels were confirmed around the $0.16-$0.16 range with multiple rebound attempts.
- The pattern of lower peaks indicates sustained bearish momentum despite consolidation efforts.
- Volume increased to 175.12 million during peak selling pressure between 06:00 and 08:00.
- The last hour demonstrated volatility with recovery attempts and high volume exceeding 4 million.
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.
