Hedera token breaks key technical level amid volume surge, though late-session reversal signals emerge
Hedera Hashgraph (HBAR/USDT) fell sharply during the latest session, slipping nearly 5% as the price broke below the $0.19 support zone, extending a week-long corrective move. The digital asset now trades around $0.175, with traders watching closely to see if the market can stage a technical rebound from nearby levels.
The 4-hour chart shows a decisive breach of short-term support, placing HBAR inside the green demand zone between $0.16 and $0.18, where prior accumulation triggered bullish reversals in mid-October. Volume rose to 10.2 million HBAR, suggesting heightened activity as buyers and sellers clashed around this level.
BitXJournal Market analysts note that the breakdown followed a failure to hold above $0.20, a resistance band reinforced by repeated rejection candles. The recent drop aligns with broader market softness across mid-cap altcoins, though some traders see signs of potential stabilization.
“The $0.175 region has acted as a pivot in previous downtrends,” one BitXJournal technical analyst explained. “If HBAR maintains this level on a closing basis, a relief bounce toward $0.19–$0.20 remains possible.”
Above, the next resistance zone sits around $0.25–$0.26, where selling pressure previously intensified, while the lower support near $0.16 marks the final defense against a deeper pullback. A clean reclaim of $0.19 could restore bullish momentum, while continued weakness below $0.17 risks opening a move toward $0.15.
Despite short-term volatility, the broader structure still hints at resilience. HBAR recently broke out from a descending channel pattern that defined its late-summer downtrend, suggesting that a longer-term base may be forming.
As of early November 2025, sentiment around Hedera remains neutral with a bearish bias. Traders will look for confirmation of a technical reversal in coming sessions — particularly if volume contracts and price begins forming higher lows around the $0.17 region.
For now, all eyes are on the $0.175–$0.19 range — the battleground between bulls defending support and bears pressing for continuation.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.