HBAR Slips Below Critical Support Amid Growing Bearish Sentiment Despite DeFi Progress

HBAR extended its decline on Tuesday as a key technical breakdown triggered a fresh wave of selling pressure.

The token dropped 2.5%, sliding from $0.1518 to $0.1480 after losing its critical support level — a move that coincided with a sharp spike in trading activity late on Nov. 16. Roughly 168.9 million HBAR traded hands during that period, nearly double the daily average, signaling pronounced institutional distribution.

Momentum remained firmly bearish in short-term timeframes. HBAR fell another 2.2% to $0.1472 as volume surged to 180% above normal levels. A sequence of lower highs confirmed a well-defined descending channel, offering traders a clearer setup for short positions.

The sell-off arrived despite growing optimism around Hedera’s upcoming Wrapped Bitcoin release, intended to bolster the network’s DeFi landscape in 2025. For now, market structure remains the dominant force, and $0.1457 has emerged as the critical support level for bulls attempting to contain further downside.

Technical Breakdown Highlights

Support and Resistance

• Immediate support is concentrated around $0.1457 following the high-volume rejection.
• Overhead resistance remains firm at $0.1488, reinforced by repeated intraday rejections.
• The descending channel formed by consistent lower highs confirms continuation pressure.

Volume Signals

• Peak volume reached 168.9M tokens (94% above the 24-hour average), marking the initial breakdown trigger.
• Hourly selling spiked to 6.2M tokens during the steepest leg lower.
• A 180% surge in volume during the decline confirms a strong distribution phase.

Chart Structure

• The prior consolidation range between $0.1460 and $0.1530 broke decisively to the downside.
• Bearish channel formation now governs short-term direction.
• Distribution patterns point to an extended breakdown beyond the recent range.

Key Levels Ahead

• Next major support: $0.1457
• Risk management pivot: $0.1465
• Upside hurdle: $0.1488

HBAR now sits at a critical juncture, with sellers firmly in control and bulls watching closely for signs of stabilization at lower support

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