HBAR Hits Brick Wall at $0.10, Momentum Indicators Scream Exhaustion

HBAR has made an impressive 8.84% jump in one day, but it's running into a brick wall at $0.10, a strong resistance level that has previously acted as both a ceiling and a magnet for sell orders.

The move was fueled by $29.9 million in Binance spot volume, which is significant but not enough to sustain a breakout through this major resistance node.

Layer-1 tokens like HBAR have been experiencing a risk-on-risk-off cycle tied closely to Bitcoin correlation and macro liquidity sentiment.

The broader market's reaction suggests that the move might be a 'one last push before the rug' scenario, where buyers are already losing steam.