HBAR fell 4.3% on Monday, falling from $0.1802 to $0.1725, as heavy selling during Asian trading hours broke key support levels. The token’s lower highs and lower lows marked a clear bearish reversal, with the price action consolidating in a range of $0.0120.
Trading volume increased 71% above its daily average, with 67.16 million tokens exchanged at 04:00 GMT as HBAR broke below the $0.1720 support zone. The high volume move suggested institutional involvement in the sell-off, which briefly pushed prices as high as $0.1688 before the momentum eased.
As the session progressed, volume dropped sharply to just 3.42 million tokens, indicating that the intense selling pressure had eased. Still, the underlying bearish structure of the market remained intact, making traders cautious about further declines.
However, in the past hour, HBAR staged a strong recovery, rising 1.2% to $0.1745 after breaking short-term resistance at $0.1726. The late surge, fueled by an exceptional 3.55 million tokens traded in minutes, defied the previous bearish tone, but with momentum fading near the $0.1745 level, it remains uncertain whether the bounce marks the beginning of a reversal or simply a temporary respite.
Key technical levels indicate mixed momentum for HBAR
Support/Resistance
- The resistance at $0.1726 was broken during the recovery attempt late in the session.
- Critical support at $0.1720 was breached on the morning’s high volume breakout.
- Temporary bottom set near the session low of $0.1688.
Volume analysis
- The morning spike to 67.16 million tokens confirmed the break of support with institutional flow.
- The recovery volume of 3.55 million shows strong short-term buying interest.
- Volume exhaustion at $0.1745 limits immediate upside potential.
Chart Patterns
- Bearish structure with lower highs and lower lows dominates the 24-hour time frame
- Late breakout challenges downtrend but lacks sustained volume follow-through
- Price rejection at the psychological level of $0.1745 creates a short-term ceiling
Goals and risk/reward
- Immediate resistance limits advances to the psychological barrier of $0.1745
- Support holds above the temporary session low of $0.1688
- Trading range expected between $0.1688-$0.1745 until volume returns
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