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HBAR Slips 2.6% to $0.1691 as Support Test Draws Heavy Volume

Hedera’s native token, HBAR, experienced a 2.6% decline, dropping from $0.1736 to $0.1691. Despite this dip, it found support at $0.1688, which led to a significant rebound supported by a 32% uptick in trading volume to 63.6 million tokens. This increase hints at renewed institutional interest. A technical analysis reveals a confirmed double-bottom pattern, suggesting possible price recovery with immediate targets set at $0.1720 to $0.1730. The token has shown signs of reversing its recent downtrend, establishing higher lows and briefly testing a resistance level at $0.1706. The market will be closely watching the $0.1720–$0.1730 zone as a near-term target, contingent on sustained volume and buying pressure to confirm the potential breakout and overcome the broader downtrend.

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