HBAR extended its decline on Tuesday after slipping below a key support level, triggering a fresh wave of selling that intensified throughout the session.
The token dropped 2.5% from $0.1518 to $0.1480, coinciding with a sharp uptick in activity late on Nov. 16, when 168.9 million HBAR traded — nearly double the average — a signal of significant institutional distribution. Momentum accelerated on shorter timeframes, with HBAR sliding another 2.2% to $0.1472 as volume spiked 180% above normal. A clear series of lower highs has formed a descending channel, underscoring a firmly bearish technical structure.
The downturn came despite renewed interest in Hedera’s upcoming Wrapped Bitcoin integration, a development expected to bolster DeFi activity into 2025. For now, traders remain focused on technical signals, with $0.1457 emerging as a critical line of defense for bulls attempting to halt the decline.
Key Technical Factors
Support & Resistance
- Primary support has formed at $0.1457 following the volume-driven breakdown.
- Resistance remains firmly positioned near $0.1488 after repeated rejections on elevated trading activity.
- The descending channel pattern continues to guide short-term market direction.
Volume Dynamics
- A peak of 168.9M tokens traded (94% above the 24-hour average) marked the initial breakdown signal.
- Hourly volume peaked at 6.2M tokens during the steepest leg lower.
- Overall volume surges of 180% confirm persistent distribution pressure.
Chart Structure
- The prior consolidation range between $0.1460 and $0.1530 has been broken decisively to the downside.
- The descending channel reflects sustained selling and lower confidence among short-term traders.
- High-volume rejection zones continue to cap any attempted recoveries.
Outlook & Levels to Watch
- Next major support: $0.1457 — a volume-backed threshold that will determine whether the decline deepens.
- Risk level for traders: $0.1465 — the low from the most intense selloff phase.
- Upside resistance: $0.1488 — a key rejection zone that must be reclaimed to shift momentum.
HBAR’s near-term outlook remains bearish unless bulls can defend support and break the descending structure
