Hedera HashGraphs Hbar-Token slipped almost 3% over the 24 hours to September 30 and fell from $ 0.22 to $ 0.21 as institutional investors paired exposure to corporate-focused cryptocurrencies. The fall came after HBAR met the $ 0.22 -level resistance during the evening trade on September 29, with quantities climbing over 34 million tokens when business owners began to make a profit.
Market participants said support around the $ 0.21 threshold, which was originally held through the morning of September 30, but strong sales in the afternoon pushed quantities sharply higher and peaked with almost 55 million tokens in the last trade time. Analysts suggested that the move reflected growing caution among corporate chains in the wake of developing a legislative framework for company’s blockchain resumption.
At late afternoon on September 30, HBAR returned shortly before slipping again to Intraday Lows about $ 0.21. Elevated trading activity over the last hour – topped 5.9 million tokens in a single interval – highlighted the intensity of institutional rebalans. The token ended the session with modest stabilization near $ 0.21, but market surveys warned continued volatility can continue when business strategies adapt to changing regulatory headwinds.
Market Analysis
- Resistance established at $ 0.22 during September 29 Evening trade with institutional profit on volume above average.
- Support zone identified about $ 0.21- $ 0.21 with more options for purchasing businesses throughout morning sessions.
- Volume wave to 54.88 million tokens in the last hour, indicating accelerated institutional risk management protocols.
- Extraordinary trading activity reaches 5.90 million tokens in interval at 1 p.m. 15:10 and 4.51 million at. 15:11.
- Break below established support zone that suggests potential continued business risk in the Enterprise Blockchain sector.
- Price stabilization efforts near $ 0.21 Level after session ends with sustained institutional trading volumes.
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