HBAR Dips 1.4% to $0.1675 Breaking Below Key Support Zone
HBAR dropped 1.4% to $0.1675 after failing to reclaim $0.1700 resistance and breaking key support at $0.1650 on high volume.Summary
HBAR's technical structure has turned firmly bearish after the token slipped 1.4% to $0.1675, following repeated failures to break the $0.1700 resistance level. This decline was confirmed by a decisive breakdown below the critical $0.1650 support level, which occurred alongside a 68% surge in trading volume to 105.45 million tokens, signaling strong bearish control.
The short-term outlook suggests weakness, as the $0.1690–$0.1697 zone has now flipped to resistance. Technical factors dominate the price action, with the inability to sustain momentum above $0.1700 shifting the structure to the downside. Traders are monitoring the broken $0.1650 level for potential retests, while continued weakness could lead HBAR toward secondary support near $0.1620.
A brief rebound to $0.1675 on thin volume is viewed as a technical retracement, and unless buying pressure strengthens significantly, further declines are anticipated.
(Source：CoinDesk)