HBAR Declines 2.6% to $0.1691 as Support Test Attracts High Trading Volume

HBAR dropped 2.6% over the past 24 hours, declining from $0.1736 to $0.1691 as sellers sustained control in a mostly technical session. This movement occurred within a range of $0.0101—approximately 5.9% of trading value—lacking significant fundamental drivers. Market participants continued to respond to chart signals, with critical levels influencing short-term sentiment.

Trading volume increased considerably as HBAR approached its $0.1688 support level, surging 32% above the daily average to 63.6 million tokens. This spike in activity preceded a sharp recovery, suggesting renewed institutional buying interest near vital price floors. Resistance around $0.1770 capped earlier gains, while selling momentum gradually diminished into the night.

On the hourly chart, the token shows early reversal signs from its recent downtrend. HBAR has started forming higher lows, moving from $0.1682 to $0.1690 before briefly testing resistance at $0.1706. A pullback to $0.1688 established a double-bottom pattern, bolstering the recovery narrative.

Traders are now eyeing the $0.1720–$0.1730 area as a near-term target. Continued volume and buying pressure are essential for validating this breakout and overcoming the broader downtrend affecting HBAR’s recent price action.

Technical analysis

Support/Resistance:

• Upside capped at $0.1770.
• Near-term resistance seen at $0.1720–$0.1730.
• Strong support holding at $0.1688.

Volume Analysis:

• 63.6M volume spike, 32% above average during support test.
• Volume expansion continues through breakout attempts.

Chart Patterns:

• Double-bottom formation confirmed at $0.1688.
• Sequence of higher lows emerging.
• Downtrend structure showing early signs of failure.

Targets & Risk/Reward:

• Upside targets at $0.1720–$0.1730 zone.
• Stop-loss below $0.1682.
• Risk/reward 3:1 on a 5.9% range.

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 RialCenter’s standards. For more information, see RialCenter’s full AI Policy.