HBAR Faces Rejection at Resistance, Declines by 2.1%
- HBAR declined by 2.1%, closing at $0.1837.
- The cryptocurrency faced resistance near $0.1940 after initially gaining 1.09% to $0.1842.
- Volume surged to 142.7 million tokens, a 95% increase over the average of 73.2 million.
- Critical support is now at $0.1831, with immediate resistance at the broken level of $0.1842.
- A breakdown from the consolidation zone between $0.1840-$0.1870 indicates bearish momentum.
The recent price action for HBAR highlights significant selling pressure, particularly from institutional sources, as evidenced by the volume spike during its decline.
With HBAR’s price testing critical support levels, a failure to hold above $0.1831 could lead to further declines towards $0.1820.(Source)
