HBAR Drops 4.2% to $0.173 as ETF Buzz Fades on Technical Selling

HBAR declined 4.2% in the 24-hour period ending Nov. 4, sliding from session peaks of $0.181 to close at $0.173 as technical selling overwhelmed recent ETF momentum.

The sell-off carved out clear bearish structure with lower highs and lower lows across the session.

HBAR traded within a $0.0131 range representing 7.4% volatility. The heaviest selling hit at 05:00 GMT with 171.0 million tokens changing hands—84% above the 24-hour moving average—as prices broke from $0.1775 to $0.1703 and confirmed resistance at $0.1783.

Recent 60-minute data showed HBAR entering volatile two-phase trading. Initial selling pressure drove prices from $0.1755 to $0.1726, followed by a recovery attempt to $0.1763 before renewed distribution pushed prices to session lows of $0.1721. The failure to hold above $0.1740 support signaled broader bearish control despite bounce attempts.

Key Technical Levels Signal Consolidation Risk for HBAR

• Primary support holds at $0.1700 psychological level, with resistance confirmed at $0.1783 after multiple rejection attempts.
• Volume activity runs 28.69% above 7-day average but remains below 30-day threshold, suggesting routine distribution rather than institutional buying.
• Downtrend structure forms with lower highs and lower lows, and the $0.1740 support break confirms a bearish momentum shift.
• Immediate resistance is at $0.1750, with downside risk extending toward $0.1700 support aligned with the previous 24-hour consolidation zone.

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