HBAR’s Sharp Decline
HBAR experienced a notable drop over the past day, falling from $0.1792 to $0.1695. That’s a 5.4% decline that caught many traders off guard. The selling pressure really intensified around the $0.1820 level, where we saw an unusually high volume of trading activity—about 123.7 million tokens changing hands. That’s nearly double the typical daily volume, which suggests some larger players were actively selling their positions.
What struck me about this move was how consistent the selling pressure remained throughout the session. Every time the price tried to recover, new sellers would step in and push it back down. It created this pattern of lower highs that kept building downside momentum. The token basically stayed pinned near its daily lows for most of the trading period.
Failed Recovery Attempt
There was a brief moment late in the day when things looked like they might turn around. Around 13:57, HBAR suddenly jumped from $0.1692 to $0.1708 in just two minutes. The volume spiked to 5.4 million tokens during that quick move, which made me think maybe we were seeing the start of a short-term breakout.
But the optimism didn’t last long. The price couldn’t push past $0.1712, and sellers quickly regained control. That failed rally attempt actually made the bearish sentiment even stronger, because it showed that even when buyers tried to step in, they couldn’t maintain momentum.
Current Support Levels
Right now, the immediate support zone sits between $0.1692 and $0.1695. That’s where the price found some stability overnight, but it’s looking pretty fragile. If that support breaks, the next level to watch would be around $0.1684, which was the overnight low.
I think what we’re seeing here is a classic battle between technical support levels and overall market sentiment. The token showed some resilience by holding above $0.1684, but the repeated rejections at higher levels suggest the bears still have the upper hand.
The trading range was relatively tight—about $0.0140—but the consistent pattern of lower highs within that range tells me the downward momentum is building. It’s one of those situations where the price action itself seems to be reinforcing the bearish narrative.
Looking Ahead
For traders watching HBAR, the key question now is whether that $0.1692-$0.1695 support zone can hold. If it breaks, we could see a quick test of the $0.1684 level, and possibly even lower if selling pressure continues.
What’s interesting to me is how the volume patterns are telling the story. The heavy selling at $0.1820 set the tone for the day, and the failed breakout attempt later just confirmed that sellers remain in control. It’s not necessarily a catastrophic decline, but it does suggest the short-term trend has turned negative.
The market seems to be in this cautious phase where every rally attempt gets met with selling. That pattern can be frustrating for bulls, but it’s also creating some clear technical levels to watch. The next day or two should give us a better sense of whether this is just a temporary pullback or the start of something more significant.
