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

HBAR experienced a 2.6% decline, falling from $0.1736 to $0.1691 amid a primarily technical trading environment. Despite this dip, strong support at $0.1688 became evident, leading to a rebound with trading volume reaching 63.6 million tokens, a spike of 32% above average, signaling renewed institutional interest. As the token tested the $0.1688 support, a double-bottom pattern emerged, hinting at a potential reversal with targets set between $0.1720 and $0.1730. Traders noted the token’s formation of higher lows—from $0.1682 to $0.1690—indicating a shifting trend. Resistance around $0.1770, which had previously capped price increases, remains a crucial level to watch for validation of the recovery. The overall market sentiment, guided by key levels on the charts, remains critical in determining the token’s future movements.

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