HBAR Falls from $0.2055 to $0.1634 Amid Bearish Consolidation
HBAR has extended its decline after hitting technical resistance at $0.2055, falling to $0.2010 on a 137% volume surge, signaling institutional distribution and triggering intraday volatility and a trading halt. Over the next 24 hours, the token dropped 2.3% from $0.1672 to $0.1634 as a breakout above $0.163 stalled at $0.164 amid profit-taking. HBAR has retraced its July uptrend and remains in range-bound bearish consolidation. Key support levels are at $0.1938 and $0.1595–$0.1610, and resistance at $0.164, $0.1662 and $0.2055. Traders will watch for a push above resistance to target $0.1672 or a support break that could trigger further downside.
Bearish
HBAR has been under pressure from technical resistance at $0.2055 and escalating volume-driven selling, driving its price down to $0.1634 and indicating bearish dominance. The token’s failure to sustain a breakout above key resistance levels and subsequent profit-taking underscore short-term selling pressure. Significant volume spikes and successive lower highs suggest institutional distribution and a lack of buying support. Support levels have been repeatedly tested, and a break below these could accelerate further downside. While short-lived rebounds may occur, the prevailing trend and market sentiment are weak, favoring bearish positions in both the short and medium term.