Hedera HBAR Consolidates Near $0.11 After Volatility, Forms Key Pivot Zone
Hedera's HBAR token has settled into a tight trading range between $0.108 and $0.115 following a period of heightened volatility. The cryptocurrency encountered temporary resistance near $0.116 before sellers stepped in, establishing a consolidation pattern that has persisted for multiple sessions.
Market structure indicates the formation of higher lows while failing to achieve sustained higher highs, with price action currently anchored around the $0.112 level. Key technical levels to monitor include support at $0.108 and resistance at $0.115, both of which have been tested repeatedly during this period.
Trading volumes have remained consistent throughout the consolidation phase, with notable buyer activity defending the $0.109 level during intraday tests. The $0.112-$0.113 zone now serves as a critical pivot point for near-term price direction.
