HBAR fell sharply over the 24-hour period from Oct. 16 at 15:00 to Oct. 17 at 14:00, dropping from $0.18 to $0.16 — an 11.15% decline within a 12.74% trading range.
The heaviest selling occurred between 06:00 and 08:00 on October 17, when the price fell from $0.17 to $0.16 on strong volume. Resistance formed at $0.17, while repeated rebounds near $0.16 established firm support despite a continued bearish pattern of lower highs.
In the final hour of trading, HBAR showed high volatility around the $0.16 mark, recovering briefly after a steep dip between 13:43 and 13:47. Trading volume surged above 4 million during this rebound, suggesting temporary stabilization at key support levels.
The decline reflected broader market weakness, with selling pressure intensifying across the digital asset space. Despite short-term recovery efforts, HBAR remains under downward pressure, indicating that consolidation within the $0.16 range may precede any potential reversal.
Technical Indicators Expose Market Fragility
- HBAR declined 11.15% throughout the preceding 24-hour period from 16 October 15:00 to 17 October 14:00.
- Robust resistance established at the $0.17 threshold accompanied by elevated selling pressure.
- Support levels confirmed around the $0.16-$0.16 range with multiple rebound attempts.
- Lower peaks pattern indicates sustained bearish momentum despite consolidation efforts.
- Volume surged to 175.12 million during peak selling pressure between 06:00-08:00.
- Final hour demonstrated volatility with recovery attempts and elevated volume exceeding 4 million.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
