HBAR slipped 0.3% to $0.2010 on Tuesday as sellers reasserted control near key resistance. The token traded within a tight $0.0124 range, fading from a session high of $0.2059 as technical selling capped upside momentum.
A surge in trading volume to 249 million tokens—137% above average—confirmed heavy distribution at the $0.2055 level, suggesting institutional selling. Support at $0.1938 has held through repeated tests, but a series of lower highs at $0.2044, $0.2032, and $0.2017 signals persistent bearish momentum.
Intraday volatility intensified between 13:33 and 13:48, with sharp swings from $0.2015 to $0.2029 amid bursts of 20.6 million tokens. Trading abruptly halted at 14:16, pointing to possible market disruption or data issues. The $0.2014 pivot now serves as a key level as traders watch whether HBAR’s $0.1938 support can withstand continued pressure.
The price action follows Tuesday’s launch of a spot HBAR ETF on the Nasdaq, which led to a significant intraday increase in HBAR.
HBAR/USD (TradingView)HBAR Technical Overview
- Support / Resistance
- Key support at $0.1938 has held through multiple tests.
- Strong resistance at $0.2055 remains unbroken after repeated high-volume rejections.
- Volume Analysis
- Recent 249M token volume spike marks a 137% increase over the average.
- Indicates institutional selling pressure and distribution concentrated near resistance.
- Chart Patterns
- Descending trendline confirms bearish momentum with successive lower highs at:
- Price action remains range-bound, but momentum favors sellers.
- Targets / Risk-Reward
- Downside target: Break below $0.1938 support could trigger further weakness.
- Upside potential: Recovery faces resistance at $0.2017 and major supply near $0.2055.
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Source: https://www.coindesk.com/markets/2025/10/29/hbar-consolidates-at-usd0-2010-as-volume-surge-signals-distribution
