HBAR Tumbles to $0.1675, Down 1.4% as Support Level Breaks

HBAR Drops 1.4% to $0.1675, Key Support Broken

HBAR’s technical outlook turned decisively bearish after repeated failures to hold above the $0.1700 resistance zone, with a surge in volume confirming a critical support breakdown.

On Tuesday, the token fell 1.4%, sliding from $0.1698 to $0.1675 as sellers drove the price below $0.1650, a key support level. Trading volume spiked 68% above the 24-hour average, reaching 105.45 million tokens around 21:00 UTC, signaling strong selling pressure and confirming bearish control.

Intraday volatility reached 4.9%, with HBAR trading in a $0.0084 range. Short-term data showed repeated rejections at $0.1690–$0.1697, which now acts as resistance after multiple failed upward attempts. The drop toward $0.1676 reflects a bearish reversal pattern, indicating weakening market sentiment.

Technical factors remain the primary driver, with limited fundamental catalysts. The inability to reclaim $0.1700, combined with volume-backed support breaks, has shifted the near-term trend firmly downward. Traders are watching $0.1690 for signs of a reversal, while continued weakness below $0.1650 could open the path to the next support near $0.1620.

A minor rebound to $0.1675 on thin volume suggests a technical retracement rather than a sustained recovery. Without meaningful buying pressure, HBAR’s near-term outlook remains tilted toward further declines.

Key Technical Levels

Support/Resistance

• Primary resistance: $0.1690–$0.1700, following multiple failed breakout attempts
• Critical support: $0.1650, now acting as resistance after high-volume breakdown
• Secondary support: $0.1620, previously supported by institutional volume absorption

Volume Analysis

• Spike: 105.45M tokens, 68% above 24-hour average, confirming support breach
• Recovery volume: Thin, indicating weak buying interest
• Trend: Volume patterns suggest distribution rather than accumulation at current price levels