HBAR Slides 1.4% to $0.1675 as Key Support Fails
HBAR turned firmly bearish after repeated rejections at the $0.1700 resistance zone, with a surge in volume confirming a decisive breakdown of key support.
On Tuesday, the token fell 1.4%, dropping from $0.1698 to $0.1675. Sellers pushed the price below $0.1650, a critical support level, while trading volume spiked 68% above the 24-hour average, reaching 105.45 million tokens around 21:00 UTC, marking a clear shift to bearish control.
Intraday volatility hit 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 after multiple failed upward attempts. The decline to $0.1676 confirms a bearish reversal, signaling weakening sentiment among traders.
Limited fundamental catalysts are influencing HBAR, leaving technical factors as the main driver. The inability to reclaim $0.1700 alongside volume-backed support breaks has tilted the near-term outlook downward. Traders are monitoring $0.1690 for signs of recovery, while continued weakness below $0.1650 could expose the next support level near $0.1620.
A minor bounce to $0.1675 on thin volume reflects a technical retracement rather than sustained recovery. Without stronger buying interest, HBAR is likely to face further downside pressure in the short term.
Key Technical Levels
Support/Resistance
- Primary resistance: $0.1690–$0.1700 after repeated failed breakouts
- Critical support: $0.1650, now acting as resistance after high-volume breakdown
- Secondary support: $0.1620, previously bolstered by institutional buying
Volume Analysis
- Spike: 105.45M tokens, 68% above 24-hour average, confirming support breach
- Recovery volume: Weak, indicating limited buying pressure
- Trend: Current patterns suggest distribution rather than accumulation
