HBAR Drops 5.4% to $0.1695 as Key Support Crumbles

HBAR fell 5.4% over the past 24 hours, slipping from $0.1792 to $0.1695 as sellers regained control. The token traced a series of lower highs within a volatile $0.0140 trading range, pointing to accelerating downside momentum.

Heavy selling intensified at $0.1820, where 123.7 million tokens—95% above the 24-hour average—were exchanged, triggering a swift rejection and sharp move lower through key support levels.

After briefly stabilizing near $0.1684 overnight, HBAR remained under pressure as each recovery attempt was met with renewed selling. The bearish tone dominated most of the session, keeping the token pinned near its lows and reinforcing the short-term downtrend.

A burst of volatility hit late in the day when HBAR surged from $0.1692 to $0.1708 within two minutes around 13:57, accompanied by a spike in volume to 5.4 million tokens. The quick rally hinted at a possible short-term breakout attempt but failed to gain traction beyond $0.1712, where sellers quickly reasserted control.

The rejection of that late move underscored ongoing tension between technical resilience and prevailing bearish momentum. Immediate support now sits at $0.1692–$0.1695, with a breakdown below that zone likely to retest overnight lows near $0.1684.

Key Technical Levels Signal Breakdown Risk for HBAR

• Support/resistance: Primary resistance locked at $0.1820 with secondary barrier at $0.1712; immediate support cluster defending $0.1692-$0.1695 zone above critical $0.1684 floor
• Volume analysis: Explosive 5.4M share spike during 13:57-13:58 breakout attempt signals institutional interest; 95% above-average volume confirms resistance strength at rejection points
• Chart patterns: Established bearish trend featuring consecutive lower highs temporarily disrupted by late-session reversal; failed channel breakout reinforces downside bias
• Targets & risk/reward: Immediate downside targets $0.1684 overnight lows; recovery requires sustained reclaim of $0.1708-$0.1712 resistance with confirming volume expansion

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.