HBAR Drops 0.6% to $0.18 Amid Indecisive Trading Session
HBAR experienced a 0.6% decline to $0.1849 during Tuesday's volatile session, displaying nearly 5% intraday volatility. Trading volume spiked to 85.9 million tokens, 47% above the session average, indicating intensified selling near the $0.1860 resistance zone. The token initially found support at $0.1775 before rebounding to $0.1865 mid-session, but renewed selling in the final hour pushed prices further down, establishing a short-term bearish tone. Despite this, Hedera's strong partnerships with major firms like Google Cloud, IBM, and Boeing underscore its institutional relevance in the blockchain sector. Key technical levels indicate primary support at $0.1840-0.1845 and resistance at $0.1860-0.1865; a downside target of 0.3-0.5% further decline is anticipated if support fails.
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HBAR Price Overview and Recent Movement
HBAR slipped 0.6% to $0.1849 in Tuesday’s volatile session, testing the lower boundary of its recent trading range. The decline from $0.1860 unfolded across a $0.0090 range, generating nearly 5% intraday volatility as traders probed key support and resistance levels.
Trading Volume and Intense Selling Pressure
Trading activity spiked, with volume hitting 85.9 million tokens—47% above the session average—reflecting intensified selling near the $0.1860 resistance zone. The token initially found support at $0.1775 before rebounding to $0.1865 by mid-session. However, renewed selling pressure in the final hour pushed prices below crucial support, aligning with a short-term bearish tone heading into Wednesday.
Contrasting Bearish Trend with Enterprise Strengths
Despite the bearish technical outlook, Hedera’s strong enterprise positioning continues to stand out. Partnerships with Google Cloud, IBM, and Boeing highlight its institutional relevance in the blockchain sector, providing a contrast to the current price movement.
Key Technical Levels
Support/Resistance: Primary support shifts to the $0.1840-$0.1845 zone following the breakdown, while resistance holds at $0.1860-$0.1865, previously tested during Tuesday's session.
Volume Analysis: The volume spike of 85.9M tokens at resistance confirmed selling interest. However, activity normalized during the decline in the final hour.
Chart Patterns: The range-bound structure between $0.1775-$0.1865 was invalidated after a downside break, establishing a new lower consolidation framework around current levels.
Target Prices and Risks
The immediate downside target lies between $0.1840-$0.1845, representing a 0.3-0.5% decline from current levels. Meanwhile, reclaiming $0.1860 could trigger a retest of $0.1865 range highs, offering a more optimistic scenario.
Disclaimer
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