“HBAR’s technical structure turned firmly bearish after repeated failures at the $0.1700 resistance zone, while a surge in volume confirmed a decisive support break.”, — write: www.coindesk.com
Intraday volatility reached 4.9% as HBAR’s price swung within a $0.0084 range. Short-term data showed a sharp rejection from the $0.1690–$0.1697 zone, which now acts as resistance after repeated failures to sustain upward momentum. The subsequent drop towards $0.1676 solidified a bearish reversal pattern, signaling weakening market sentiment.
Technical factors remain in focus with limited fundamental catalysts driving action. The inability to recover above $0.1700 coupled with volume-backed support breaks has shifted the structure firmly to the downside. Traders are watching $0.1690 for signs of reversal, while continued weakness below $0.1650 could open the path towards the next support near $0.1620.
A brief rebound to $0.1675 on thin volume suggests only a technical retracement rather than a sustained recovery. Unless buying pressure strengthens meaningfully, HBAR’s near-term outlook remains tilted toward further declines.
HBAR/USD (TradingView)
Key Technical Levels Signal Bearish Structure for HBAR
- Support/Resistance Analysis
- Primary resistance: $0.1690–$0.1700 zone after multiple failed breakout attempts
- Critical support at $0.1650 broken during high-volume move, now acting as resistance on retests
- Secondary support at $0.1620where institutional volume absorption previously occurred
- Volume Analysis
- Institutional volume spike: 105.45M tokens, 68% above the 24-hour SMA, confirming support breakdown
- Diminishing volume on recovery to $0.1675 signals weak buying interest
- Volume trends indicate distributionnot accumulation, at current price levels
- Chart Patterns
- Bearish reversal confirmed with lower highs and lower lows
- Failed breakout above $0.1700 offered a sale
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.
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