HBAR so increased volatility over the 24-hour period from September 1, 09:00 to 2 September 08:00, trading within a range of $ 0.013, marking a 6% intraday swing between $ 0.21 and $ 0.22.
The token initially slid from $ 0.22 down to support $ 0.21, weighed by an increase in liquidation volumes rising over 79 million. As the sales pressure had disappeared, HBAR mounted a recovery and closed the session back near the level $ 0.22.
Market activity suggested that Bearish Momentum lost steam when the $ 0.21 level was tested, with falling volumes on rebound signaled a potential shift against sustained momentum upwards.
The trading action emphasizes a technical structure in the short term where resilience at key support levels has kept Bullish outlook intact.
The emphasis on applications in the real world is to place Hedera and other business -focused blockchains at the forefront of investor attention. Alongside Hedera, projects such as Kaspa and Remittix build speed by targeting scalability and cross -border payments.
With payments reintroduced as a driving force for crypto uptake, Hedera’s business allians and technological architecture puts it in a strong position to take advantage of the market’s pivot against utility-driven blockchain infrastructure.
Technical indicators Assessment
- Trade bandwidth of $ 0.013, representing 6 percent difference from the session’s nadir of $ 0.21 to tip of $ 0.22.
- Volume waves exceeding 79 million in the first decline phase.
- Critical support limit examined near $ 0.21 before recreation.
- Diminishing liquidation pressure in final trade times.
- Recovery Momentum raises prices against $ 0.22 resistance.
- Extraction of Bearish driving force indicated by volume patterns.
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