HBAR Declines 2.1% to $0.1837 as Volume Spike Signals Technical Breakdown
CoinDesk
HBAR fell 2.1% to $0.1837 amid increased selling pressure and a significant volume spike, indicating a potential technical breakdown.Summary
HBAR experienced a 2.1% decline to $0.1837 during Tuesday’s trading session, encountering resistance near $0.1940. Initial gains of 1.09% were quickly reversed as sellers emerged, driving volume 8.23% above the weekly average. A breakdown below the $0.1840-$0.1870 consolidation zone was accompanied by a 95% surge in volume to 142.7 million tokens, suggesting institutional selling. Technical analysis reveals critical support at $0.1831 and resistance at $0.1842 and $0.1940. The lower highs pattern and breakdown from the consolidation zone validate a bearish outlook, with a potential downside target of $0.1820 if the $0.1831 support fails.
(Source：CoinDesk)