HBAR fell sharply over the 24-hour interval from Oct. 16 at 15:00 to Oct. 17 at 14:00, dropping from $0.18 to $0.16 — an 11.15% decline inside a 12.74% buying and selling vary.
The heaviest promoting occurred between 06:00 and 08:00 on October 17, when the worth fell from $0.17 to $0.16 on sturdy quantity. Resistance shaped at $0.17, whereas repeated rebounds close to $0.16 established agency help regardless of a continued bearish sample of decrease highs.
Within the last hour of buying and selling, HBAR confirmed excessive volatility across the $0.16 mark, recovering briefly after a steep dip between 13:43 and 13:47. Buying and selling quantity surged above 4 million throughout this rebound, suggesting short-term stabilization at key help ranges.
The decline mirrored broader market weak point, with promoting stress intensifying throughout the digital asset area. Regardless of short-term restoration efforts, HBAR stays underneath downward stress, indicating that consolidation throughout the $0.16 vary might precede any potential reversal.
Technical Indicators Expose Market Fragility
- HBAR declined 11.15% all through the previous 24-hour interval from 16 October 15:00 to 17 October 14:00.
- Strong resistance established on the $0.17 threshold accompanied by elevated promoting stress.
- Assist ranges confirmed across the $0.16-$0.16 vary with a number of rebound makes an attempt.
- Decrease peaks sample signifies sustained bearish momentum regardless of consolidation efforts.
- Quantity surged to 175.12 million throughout peak promoting stress between 06:00-08:00.
- Closing hour demonstrated volatility with restoration makes an attempt and elevated quantity exceeding 4 million.
Disclaimer: Components of this text had been generated with the help from AI instruments and reviewed by our editorial crew to make sure accuracy and adherence to our requirements. For extra info, see CoinDesk’s full AI Coverage.
