HBAR Slides 0.5% to $0.146 as Technical Support Crumbles
Hedera's HBAR token fell below key technical support levels to $0.1451 amid elevated volume suggesting institutional selling pressure.Summary
Hedera's native token, HBAR, slipped to $0.1451, breaking below critical technical support levels amid a 24-hour decline. Trading volume surged to 145.7 million tokens on November 18, about 73% above its average, which reinforced strong resistance at $0.1525 and indicated potential institutional selling.
The failure to sustain rebounds, including a high-volume rejection, confirmed persistent downside momentum as HBAR decisively broke the $0.1458 support level. Technical factors, driven by increased volume on breakdowns and failed bounce attempts, suggest traders may face further downside risk before a meaningful recovery can materialize.
The primary support level is now $0.1451, with the broken $0.1458 level now acting as overhead supply resistance.
(Source：CoinDesk)