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

HBAR fell 1.4% on Tuesday as bearish momentum intensified, taking 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 the 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 crash that confirmed bearish control.

Intraday volatility reached 4.9% as the HBAR price moved within a range of $0.0084. Short-term data showed a sharp rejection from the $0.1690-0.1697 zone, which now acts as resistance after repeated failures to sustain the upward momentum. The subsequent decline towards $0.1676 solidified a bearish reversal pattern that signaled weakening market sentiment.

Technical factors remain in focus with limited fundamental catalysts driving activity. The failure to recover above $0.1700 along with a break of volume-backed support pushed the structure firmly to the downside. Traders are watching for signs of a reversal at $0.1690, while continued weakness below $0.1650 could pave the way for further support near $0.1620.

A brief rally to $0.1675 on light volume only suggests a technical reversal rather than a sustained recovery. If the buying pressure does not increase significantly, the HBAR outlook for the near term will remain tilted towards further decline.

Key technical levels Bearish signal structure for HBAR

• Support/Resistance Analysis
  • Primary resistance: $0.1690-0.1700 zone after several failed breakaway attempts
  • Critical support at $0.1650 broken during a large movement, now acts as resistance in repeated tests
  • Secondary support at $0.1620where there used to be institutional volume absorption
• Volume analysis
  • Institutional Volume Increase: 105.45 million tokens, 68% higher 24-hour SMA, confirming support breakdown
  • Volume reduction when restoring to $0.1675 signals weak buying interest
  • Volume trends show distributionnot accumulation, at current price levels
• Chart patterns
  • Bearish reversal confirmed with lower highs and lower lows
  • Failure to break above $0.1700 offered to sell

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