HBAR fell 1.4% on Tuesday as bearish momentum intensified, taking the token from $0.1698 to $0.1675. The move followed a failed attempt to reclaim the $0.1700 resistance level, with sellers pushing prices below the key support at $0.1650. Trading volume surged 68% above its 24-hour average to 105.45 million tokens around 21:00 UTC, coinciding with the decisive breakout that confirmed bearish control.
Intraday volatility reached 4.9% as HBAR price oscillated within a range of $0.0084. Short-term data showed strong rejection from the $0.1690 to $0.1697 zone, which is now acting as resistance after repeated failures to maintain bullish momentum. The subsequent decline towards $0.1676 solidified a bearish reversal pattern, indicating weakening market sentiment.
Technical factors remain the focus, with limited fundamental catalysts driving the stock. The inability to recover above $0.1700, coupled with volume-backed support breaks, has shifted the structure firmly to the downside. Traders are keeping an eye on the $0.1690 level for signs of a reversal, while continued weakness below $0.1650 could open the way towards the next support near $0.1620.
A brief bounce to $0.1675 on low volume suggests only a technical pullback rather than a sustained recovery. Unless buying pressure strengthens significantly, HBAR’s near-term outlook remains tilted towards further declines.
Key Technical Levels Signal Bearish Structure for HBAR
- Support/resistance analysis
- Primary resistance: $0.1690–$0.1700 area after multiple failed escape attempts
- Critical support in $0.1650 broken during a high volume move, now acting as resistance on retests
- Secondary support in $0.1620where the absorption of institutional volume previously occurred
- Volume analysis
- Increase in institutional volume: 105.45 million chips, 68% above the 24-hour SMA, which confirms the break of support
- Decreasing volume in recovery for $0.1675 indicates weak buying interest
- Volume trends indicate distributionnon-accumulation, at current price levels
- Chart Patterns
- The bearish reversal is confirmed with lower highs and lower lows
- Failed breakout above $0.1700 offered a sale
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