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

HBAR fell 2.6% over the past 24 hours, dropping from $0.1736 to $0.1691, as sellers maintained control during a largely technical trading session. However, strong support at $0.1688 sparked a rebound with trading volume reaching 63.6 million tokens, a 32% increase above its daily average, indicating renewed institutional interest. The token is forming a double-bottom pattern, showing potential for an uptrend, with targets set at $0.1720-$0.1730. Earlier resistance at $0.1770 limited gains, but the increased volume suggests that buyers are returning as they test key price levels. The ongoing downtrend appears to be weakening as HBAR forms higher lows, potentially establishing a reversal. Key to this recovery will be maintaining volume and buying pressure to validate breakout attempts and shift the recent bearish trend.

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