HBAR Dips 1.4% to $0.1675 Breaking Below Key Support Zone

HBAR slipped 1.4% on Tuesday as bearish momentum intensified, driving the token from $0.1698 to $0.1675. The move followed a failed attempt to reclaim the $0.1700 resistance level, with sellers pushing prices below key support at $0.1650. Trading volume surged 68% above its 24-hour average to 105.45 million tokens around 21:00 UTC, coinciding with the decisive breakdown that confirmed bearish control.

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 toward $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 structure firmly to the downside. Traders are watching $0.1690 for signs of reversal, while continued weakness below $0.1650 could open the path toward 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.

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 $0.1620, where 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 distribution, not accumulation, at current price levels
• Chart Patterns
  • Bearish reversal confirmed with lower highs and lower lows
  • Failed breakout above $0.1700 offered a selling

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