Hedera’s HBAR slipped below key technical support levels on Tuesday, extending a 24-hour decline from roughly $0.1459 to $0.1451. The token carved out multiple lower highs within a tight $0.0074 range, producing a 4.9% intraday swing that highlighted growing structural weakness in the market.
Trading activity surged to 145.7 million tokens on Nov. 18 — about 73% above its moving average — reinforcing strong resistance at $0.1525 and pointing to possible institutional selling. The failure to sustain rebounds, including a high-volume rejection at 14:07, underscored persistent downside momentum as HBAR broke decisively below the $0.1458 support level.
With no major fundamental catalysts in play, technical factors continued to drive sentiment. The combination of increased volume on breakdowns, repeated failed bounce attempts and alignment between broader 24-hour softness and shorter-term selling pressure suggests traders may face additional downside risks before a meaningful recovery can form.
Key Technical Levels Signal Extended Weakness for HBAR
- Support/Resistance: Primary support sits at $0.1451 with resistance at $0.1525; $0.1458 breakdown opens path to session lows.
- Volume Analysis: Institutional selling peaked at 145.7M tokens during resistance test; declining follow-through suggests distribution cycle completion.
- Chart Patterns: Lower highs formation confirms trend acceleration; failed bounces at 14:07 with 5.2 million volume spike validates breakdown scenario.
- Targets & Risk/Reward: Next downside target at $0.1451 support; recovery faces resistance at broken $0.1458 level now acting as overhead supply.
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