HBAR fell 4.3% on Monday, falling from $0.1802 to $0.1725, as heavy selling during Asian trading hours pushed it below key support levels. The token’s lower highs and lower lows indicate a clear bearish shift, with price action consolidating within the $0.0120 range.
As HBAR fell below the $0.1720 support zone, trading volume surged 71% above the daily average, with 67.16 million tokens exchanged as of 04:00 GMT. This heavy movement suggests that institutional investors are participating in the selling, which briefly pushed the price down to $0.1688 before momentum weakens.
As the session progressed, volume plummeted to just 3.42 million tokens, indicating that the intense selling pressure had subsided. Still, the basic bear market structure remains in place, and traders are wary of further declines.
However, in the last hour, HBAR surged 1.2% to $0.1745 after breaking short-term resistance at $0.1726. A late surge, driven by an unusually strong 3.55 million tokens traded in minutes, challenged the early bearish tone, but with momentum fading around the $0.1745 level, it remains unclear whether this rally marks the beginning of a reversal or just temporary relief.
Key technology levels suggest contradictions in HBAR momentum
Support/Resistance
- It broke through the resistance level at $0.1726 during a recovery attempt late in the session.
- In the morning volume breakdown, the key support at $0.1720 was breached.
- A temporary floor was set near the session low of $0.1688.
volumetric analysis
- The morning surge to 67.16 million tokens confirmed the breakdown of institutional flow support.
- The collection amount was 3.55 million, indicating strong short-term buying interest.
- If volume depletes at $0.1745, the near-term upside potential will be limited.
chart pattern
- Bearish structure with lower highs and lower lows dominates the 24-hour time frame
- Late breakout challenges downtrend but lacks sustained volume follow-through
- Price rejection at psychological level of $0.1745 creates short-term ceiling
Goals and risks/rewards
- Immediate resistance rises at the psychological barrier of $0.1745
- Support holds above the temporary session low $0.1688
- Until the volume returns, it is expected to trade in a range of $0.1688 to $0.1745.
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