HBAR Slips 2.6% to $0.1691 as Support Test Draws Heavy Volume
Hedera's HBAR dropped 2.6% to $0.1691 on heavy volume before rebounding, suggesting potential upside toward $0.1730.Summary
Hedera's native token, HBAR, fell 2.6% over 24 hours, moving from $0.1736 to $0.1691 in a technically driven session without major fundamental news. This drop coincided with a significant 32% surge in trading volume, reaching 63.6 million tokens, as HBAR tested the critical support level at $0.1688. This heavy activity preceding a rebound suggests renewed institutional buying interest near this floor. Technical analysis on the hourly chart shows HBAR forming higher lows and confirming a double-bottom pattern at $0.1688, signaling an early reversal from its recent downtrend. Traders are now targeting the $0.1720–$0.1730 zone as a near-term objective, provided sustained volume validates the breakout above resistance capped around $0.1770.
(Source：CoinDesk)