Support and resistance tested: Key support formed at $0.176-$0.178, while resistance near $0.183-$0.185 capped the rebound.
HBAR endured a volatile 24-hour stretch as institutional traders managed a narrow but intense range between $0.176 and $0.185. The token initially fell on corporate profit-taking before rebounding strongly during morning hours on Oct. 16, when enterprise trading volumes surged above 129 million.
Despite this recovery, the momentum proved short-lived. A sharp reversal struck in the final hour of trading, when corporate sell pressure overwhelmed earlier support zones. Between 14:02 and 14:04, volumes spiked above 3 million as HBAR slid from $0.183 to $0.1805, reflecting aggressive liquidation activity.
Analysts say the move highlights shifting institutional sentiment toward enterprise blockchain assets. While HBAR’s corporate base demonstrated resilience at the $0.176-$0.178 range, sustained resistance at $0.183-$0.185 suggests mounting caution among institutional investors.
Overall, the pattern underscores a market caught between profit-taking and structural rebalancing, as corporate participants recalibrate exposure to blockchain-linked tokens amid growing volatility.
