HBAR fell 5.4% in the last 24 hours, falling from $0.1792 to $0.1695 as sellers regained control. The token charted a series of lower highs within a volatile trading range of $0.0140, pointing to an acceleration of bearish momentum.
Heavy selling intensified to $0.1820, where 123.7 million tokens were exchanged (95% above the 24-hour average), prompting rapid rejection and a strong move lower through key support levels.
After briefly stabilizing near $0.1684 overnight, HBAR remained under pressure as each recovery attempt was met with fresh selling. The bearish tone dominated most of the session, keeping the token near its lows and reinforcing the short-term bearish trend.
A burst of volatility occurred at the end of the day when HBAR rose from $0.1692 to $0.1708 in two minutes around 1:57 p.m., accompanied by an increase in volume to 5.4 million tokens. The rapid rally hinted at a possible near-term breakout attempt, but failed to gain traction beyond $0.1712, where sellers quickly reasserted control.
The rejection of that latest move underscored the ongoing tension between technical resilience and prevailing bearish momentum. Immediate support now lies between $0.1692 and $0.1695, and a break below that area is likely to retest overnight lows near $0.1684.
Key Technical Levels Signal Breakdown Risk for HBAR
- Support/resistance: Primary resistance set at $0.1820 with secondary barrier at $0.1712; Immediate support group defending the $0.1692-$0.1695 zone above the critical floor of $0.1684
- Volume Analysis: The explosive spike of 5.4 million shares during the breakout attempt between 1:57 p.m. and 1:58 p.m. indicates institutional interest; 95% volume above average confirms strength of resistance at rejection points
- Chart Patterns: Established bearish trend with consecutive lower highs temporarily interrupted by end-of-session reversal; Failed channel breakout reinforces bearish bias
- Targets and Risk/Reward: Immediate decline targets overnight lows of $0.1684; recovery requires sustained recovery from $0.1708-$0.1712 resistance with volume expansion confirmed
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.
