HBAR Consolidates at $0.2010 as Volume Surge Signals Distribution

HBAR is currently consolidating at $0.2010 amid significant selling pressure, facing resistance at the $0.2055 level. A notable surge in trading volume, up 137% to 249 million tokens, indicates institutional distribution at this resistance point. Despite a previous boost from the Nasdaq-listed spot HBAR ETF, bearish momentum has been reinforced by several lower highs. The support level at $0.1938 remains vital, having held through multiple challenges. As sellers regain control, the price action shows HBAR has slipped 0.3% from a session high of $0.2059. Intraday volatility has been marked by rapid swings in price, with trading halting at points, hinting at possible market disruption. Analysts are closely watching whether the $0.1938 support can endure continued selling pressure as the market develops around these pivotal levels.

Source 🔗