HBAR consolidated at $0.2010 as volume surge signal distribution

HBAR fell 0.3% to $0.2010 on Tuesday as sellers reasserted control near the key resistance level. The token traded within a narrow range at $0.0124, down from a session high of $0.2059 as technical selling capped any upside momentum.

Trading volume soared to 249 million tokens, 137% above average, confirming heavy circulation at the $0.2055 level, suggesting selling by institutional investors. While the support at $0.1938 has held through repeated tests, a series of lows at $0.2044, $0.2032, and $0.2017 indicate continued bearish momentum.

Intraday volatility intensified from 13:33 to 13:48, swinging sharply from $0.2015 to $0.2029 in an explosion of 20.6 million tokens. Trading suddenly stopped at 2:16 p.m., citing possible market turmoil and data issues. Traders are monitoring whether HBAR’s $0.1938 support can withstand continued pressure, with the $0.2014 pivot currently serving as a key level.

This price action led to a significant intraday increase in HBAR following the launch of the spot HBAR ETF on the Nasdaq on Tuesday.

HBAR technical overview

• Support/Resistance
  • The major support at $0.1938 has held through multiple tests.
  • Even after repeated mass rejections, the strong resistance level at $0.2055 remains intact.
• volumetric analysis
  • The recent spike in token volume of 249 million is 137% higher than average.
  • It shows that the selling pressure and distribution of institutional investors is concentrated around the resistance level.
• chart pattern
  • A downtrend line confirms bearish momentum by making consecutive lower highs at:
  • Price action remains range-bound, but momentum favors sellers.
• Goal/Risk Reward
  • Downside Target: A break below the support at $0.1938 could trigger further decline.
  • Upside Potential: A recovery faces resistance at $0.2017 and key supplies near $0.2055.

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