HBAR suffered a sharp downturn over the last 24 hours and slid 4.32% from $ 0.22 to $ 0.21 between September 3 at 3 pm. 15.00 and September 4 at. 14:00.
Sales of pressure intensified as resistance to $ 0.222 uncovered trials of recovery, which led to a collapse of below $ 0.212- $ 0.214 support zone.
The move was accompanied by increased volatility, with a $ 0.011 trading area reflecting a 4.93% turn. Volume peaked dramatically at 179.34 million within 13:00 hours, a sign of capitulation when sellers overwhelmed buyers.
Trade was particularly unstable between 13:30 and 14:29 on September 4th, when Har briefly spiked from $ 0.213 to $ 0.216 on a 42.37 million volume rise.
However, Uptick was short -lived when profits quickly deleted winnings and sent the token back to $ 0.213. A new trading area formed between $ 0.212 and $ 0.214 with elevated activity maintaining 3-8 million volume per year. Minute until 14:10. Stabilization emerged in the session close, with HBBar, settling near $ 0.213 as volumes stewed.
The combination of technical collapse and macro -driven sales has emphasized the fragility of the market, even in the light of legislative progress for Hedera. Dealers are now watching signs of stabilization before considering long positions, with $ 0.212– $ 0.214 zone a critical area of short -term price action.
Charts flashing red as bears grab control
- Resistance holds at $ 0.222 during the early trade session.
- Downtrend intensifies with accelerating sales pressure in close.
- Support occurs at $ 0.212- $ 0.214 before critical collapse.
- Support error signals deeper correction for bulls.
- Volume spikes for 179.34 million at. 13:00 Marking of capitulation phase.
- Explosion of a single minute hits 42.37 million at. 13:50 Intraday Peak.
- Range-bound action develops between $ 0.212- $ 0.214 after profitable wave.
- Sustained volume average of 3-8 million per Minute through 14:10 session.
- Price stabilizes near $ 0.213 as volume contracts against period end.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
