HBAR Drops Over 2% on Heavy Volume, Breaks $0.1480 Support
HBAR plunged 2.1% after failing to clear $0.1940 resistance, sliding to $0.1837 on a 95% volume surge. Volume then jumped 94%, driving a further 2.5% drop to $0.1480 on Nov. 17 amid a 180% spike. Technical charts reveal a descending channel with lower highs, showing bearish momentum. Immediate resistance lies at $0.1488 and $0.1842, while key supports stand at $0.1457, $0.1831 and $0.1820. Despite Hedera’s planned WBTC integration for DeFi in 2025, HBAR has yet to stabilize. Traders should monitor volume trends and the $0.1457–$0.1465 zone for signs of consolidation or further declines.
Bearish
The unified summary highlights that HBAR has experienced consecutive drops backed by significant volume surges, confirming institutional selling rather than retail profit-taking. The breach of multiple support levels and formation of a descending channel with lower highs indicate sustained bearish momentum and increase the likelihood of further downside in the short term. Although the planned WBTC integration could improve Hedera’s long-term DeFi outlook, it has not curbed the current sell-off or attracted sufficient buying pressure. Traders may see temporary bounces at key support zones, but until HBAR reclaims resistance levels at $0.1488 or $0.1842 on lower volume, the market sentiment remains biased towards sellers.