Hedera’s HBAR token fell 5% in the last 24 hours, falling from $0.1932 to $0.1835 after breaking the critical support of $0.1900. Sellers remained in control overnight, leading prices to test new lows near $0.1815 before signs of stabilization emerged.
Trading activity rose sharply, with 114.18 million HBAR changing hands at the 16:00 GMT session peak, a jump of 86% above the daily average of 61.4 million. The increase in volume aligned with a failed attempt to reclaim the $0.1951 resistance, which quickly reversed into a cascade of sell orders that consolidated the break below $0.1900.
Despite the broader bearish tone, short-term charts hint at early signs of recovery. Hourly data shows a 0.77% bounce from $0.1825 to $0.1839, supported by a volume explosion of 3.09 million tokens during a mid-session breakout attempt. The bulls managed to form a higher bottom pattern, reclaiming the $0.1835 level which now acts as immediate support.
Still, traders remain divided. The near-term outlook depends on whether HBAR can extend its bounce towards the $0.1850 to $0.1860 resistance group or risks renewed pressure below the $0.1815 floor. Technical momentum favors a cautious recovery, but a sustained rise will depend on volume confirmation and broader market sentiment.
Key technical levels indicate conflicting outlook for HBAR
Support/Resistance
- Old support: $0.1900, which is now acting as a strong overall resistance.
- New support zone: Between 0.1815 and 0.1835 dollars after stabilization efforts.
- Immediate Bullish Targets: $0.1850–$0.1860 after the hourly breakout.
Volume
- Resistance Rejection: Increase of 114.18 million tokens (≈86% above SMA).
- Bullish Breakout Attempt: Peak volume of 3.09 million in hourly investment.
- Institutional Activity: Concentrated around key technical inflection points.
Chart Patterns
- Daily trend: Bearish, with consecutive downward lows.
- Time structure: Bullish reversal with formation of higher lows.
- Momentum change: The price recovered $0.1835 (now support) strongly.
Goals and risk/reward
- Bullish Target: Resistance zone of $0.1850 to $0.1860.
- Downside risk: Breakdown below the $0.1815 support zone.
- Critical Pivot: $0.1835: key level that defines the short-term direction.
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.
