Hedera's HBAR Slides 11% as Selling Pressure Deepens

HBAR fell sharply over the 24-hour period from Oct. 16 at 15:00 to Oct. 17 at 14:00, dropping from $0.18 to $0.16 — an 11.15% decline within a 12.74% trading range.

The heaviest selling occurred between 06:00 and 08:00 on October 17, when the price fell from $0.17 to $0.16 on strong volume. Resistance formed at $0.17, while repeated rebounds near $0.16 established firm support despite a continued bearish pattern of lower highs.

In the final hour of trading, HBAR showed high volatility around the $0.16 mark, recovering briefly after a steep dip between 13:43 and 13:47. Trading volume surged above 4 million during this rebound, suggesting temporary stabilization at key support levels.

The decline reflected broader market weakness, with selling pressure intensifying across the digital asset space. Despite short-term recovery efforts, HBAR remains under downward pressure, indicating that consolidation within the $0.16 range may precede any potential reversal.

Technical Indicators Expose Market Fragility

• HBAR declined 11.15% throughout the preceding 24-hour period from 16 October 15:00 to 17 October 14:00.
• Robust resistance established at the $0.17 threshold accompanied by elevated selling pressure.
• Support levels confirmed around the $0.16-$0.16 range with multiple rebound attempts.
• Lower peaks pattern indicates sustained bearish momentum despite consolidation efforts.
• Volume surged to 175.12 million during peak selling pressure between 06:00-08:00.
• Final hour demonstrated volatility with recovery attempts and elevated volume exceeding 4 million.

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