Karla Barker 
HBAR Faces Steep Decline Amid Selling Pressure
HBAR experienced a notable 5.4% drop over the past day, sliding from $0.1792 to $0.1695 as selling activity intensified. The cryptocurrency moved within a volatile $0.0140 trading range, consistently forming lower highs that suggested growing downward momentum. This pattern indicates sellers have taken control of the market, at least for the short term.
I think what’s particularly interesting is how the selling pressure concentrated around the $0.1820 level. That’s where we saw a massive 123.7 million tokens change hands—nearly double the typical 24-hour trading volume. That kind of concentrated selling activity often triggers cascading effects, which is exactly what happened here.
Failed Recovery Attempts
The token did find some temporary stability around $0.1684 overnight, but every attempt to recover was met with fresh selling. It’s like the market just wouldn’t let it breathe. The bearish sentiment dominated most of the trading session, keeping HBAR pinned near its daily lows.
There was a brief moment of excitement late in the day when HBAR suddenly jumped from $0.1692 to $0.1708 in just two minutes. Volume spiked to 5.4 million tokens during that quick rally, suggesting someone was trying to push for a breakout. But the move couldn’t sustain itself beyond $0.1712, and sellers quickly stepped back in.
Technical Support Levels Under Pressure
That failed rally attempt really highlights the ongoing tension between technical support levels and the prevailing bearish momentum. Right now, immediate support sits between $0.1692 and $0.1695. If that zone breaks down, we’re likely looking at a retest of those overnight lows around $0.1684.
What strikes me about this situation is how the market structure has shifted. The series of lower highs suggests that buyers are becoming less willing to step in at higher prices. Each recovery attempt gets sold into more aggressively than the last. It creates this self-reinforcing cycle that’s tough to break without some significant catalyst.
Perhaps the most concerning aspect is the volume profile. When you see that much selling concentrated at specific price levels, it often indicates larger players are distributing their positions. That doesn’t necessarily mean the long-term trend has changed, but it does suggest we might see more volatility in the near term.
The market seems to be searching for a new equilibrium after this breakdown. Technical traders will be watching those support levels closely, while longer-term holders might see this as a potential buying opportunity if they believe in the project’s fundamentals. Either way, the next few sessions should provide more clarity about where HBAR is headed next.