“Hedera’s HBAR token climbed 1.31% to $0.1725 on Tuesday, with trading volume soaring as technical indicators point to a potential move above key resistance levels.”, — write: www.coindesk.com
The price action reflected a period of consolidation, with HBAR forming higher lows while repeatedly testing resistance levels. Its 0.41% outperformance versus the overall crypto market stayed within normal correlation ranges, suggesting sentiment-driven movement rather than project-specific developments.
Traders are closely watching the $0.1742 resistance level as HBAR trades in a tight $0.1701–$0.1739 range. The 38% surge in volume highlights active position-building, which often precedes a breakout attempt. However, the current pattern suggests tactical repositioning rather than large-scale accumulation, with the $0.17 zone emerging as a key psychological support area for potential upside momentum.
HBAR/USD (TradingView)
HBAR Technical Analysis Summary
- Support and Resistance
- Primary support at $0.1692.
- Key resistance at $0.1742.
- Volume-weighted support zone established at $0.1601 during earlier decline.
- Volume Analysis
- Volume surge to 223.2M at $0.1601 provides a strong technical foundation.
- Late-session consolidation on lighter volume suggests a position management phase.
- Chart Patterns
- Ascending triangle formation with multiple higher lows confirms a bullish undertone.
- Pattern targets $0.18 on a successful resistance break.
- Targets and Risk
- Break above $0.1742 opens a path to the $0.18 target.
- Failure below $0.1692 supports testing the critical $0.1601 volume cluster.
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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