HBAR Drops 4.2% to $0.173 as ETF Buzz Fades on Technical Selling

HBAR declined 4.2% in the 24-hour period ending November 4, sliding from session highs of $0.181 to close at $0.173, as technical selling overwhelmed the ETF’s recent momentum.

The sell-off carved out a clear bearish structure with lower highs and lower lows throughout the session.

HBAR traded in a range of $0.0131 representing 7.4% volatility. The heaviest selling was at 05:00 GMT with 171.0 million tokens changing hands – 84% above the 24-hour moving average – as prices fell from $0.1775 to $0.1703 and confirmed resistance at $0.1783.

Recent data from 60 minutes shows HBAR entering a volatile trade in two phases. Initial selling pressure drove prices from $0.1755 to $0.1726, followed by an attempted recovery at $0.1763 before renewed distribution pushed prices to session lows of $0.1721. The failure to hold above the $0.1740 support signaled a broader bearish check despite rebound attempts.

Key technical levels Signal consolidation risk for HBAR

• The primary support holds at the psychological level of $0.1700, with resistance confirmed at $0.1783 after several rejection attempts.
• Volume activity runs 28.69% above the 7-day moving average, but remains below the 30-day limit, suggesting routine distribution rather than institutional buying.
• The downtrend structure is forming with lower highs and lower lows, and the break of $0.1740 support confirms a bearish momentum shift.
• Immediate resistance is at $0.1750, with downside risk extending towards the $0.1700 support aligned with the previous 24-hour consolidation zone.

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