HBAR Analysis: Consolidating at $0.2010 Level

There Are Heavy Resistances on HBAR

HBAR is facing intense resistance at the $0.2055 level. The 137% increase in trading volume in this region signals potential institutional selling and strong distribution pressure. The critical support level at $0.1938 has managed to remain solid after several tests.

Short-Term Trends

However, the descending peaks at $0.2044, $0.2032, and $0.2017 strengthen the bearish trend in the short term. Despite a temporary momentum from the newly listed HBAR ETF on Nasdaq, the momentum has turned back to sellers. Intraday volatility and a halt in trading are seen as potential signs of instability.