HBAR Slides 1.4% to $0.1675, Breaking Key Support
HBAR turned decisively bearish after repeated failures to surpass the $0.1700 resistance zone, with a surge in trading volume confirming a key support breakdown.
On Tuesday, the token dropped 1.4%, falling from $0.1698 to $0.1675 as sellers pushed below $0.1650, a critical support level. Trading activity surged 68% above the 24-hour average, reaching 105.45 million tokens around 21:00 UTC, signaling strong selling momentum.
Intraday volatility reached 4.9%, with HBAR moving within a $0.0084 range. Short-term analysis showed repeated rejections at $0.1690–$0.1697, which now acts as resistance. The subsequent decline to $0.1676 confirms a bearish reversal pattern, indicating weakening market sentiment.
Technical factors remain the main driver, with limited fundamental catalysts influencing HBAR. The inability to reclaim $0.1700, combined with volume-backed support breaks, has shifted the near-term trend firmly downward. Traders are monitoring $0.1690 for potential reversal signals, while continued weakness below $0.1650 could open the path to the next support near $0.1620.
A minor bounce to $0.1675 on thin volume indicates a technical retracement rather than a sustained recovery. Without stronger buying pressure, HBAR is likely to face further downside in the near term.
Key Technical Levels
Support/Resistance
- Primary resistance: $0.1690–$0.1700, following multiple failed breakout attempts
- Critical support: $0.1650, broken on high-volume move, now acting as resistance
- Secondary support: $0.1620, previously supported by institutional volume absorption
Volume Analysis
- Volume spike: 105.45M tokens, 68% above the 24-hour average, confirming support breach
- Recovery volume: Thin, indicating weak buying interest
- Trend: Distribution appears to dominate over accumulation at current price levels
