HBAR faced a stable downward pressure over the past 23 hours and slid from $ 0.25 to $ 0.24 – a fall of 3.38%. The token initially tried to build Momentum on September 18 and reached $ 0.25 to 20:00, but sellers quickly overwhelmed the demand near this level of resistance. Trade activity spiked at. 19:00 with volumes peaking 55.91 million, emphasizing the intensity of sales. At late evening, HBAR broke under key support zones to $ 0.25 and $ 0.24, testing the lower limit before finding temporary stability.
The retracement highlights fragile atmosphere in the short term, where bears maintain control as buyers could not defend critical thresholds. Inability to regain lost ground indicates that market participants remain cautious, though consolidation near $ 0.24 suggests some stabilization. If the level continues to hold, dealers can see it as a base for potential sideways movement before a clearer directional trend occurs.
Wider market factors continue to shape HBAR’s views. While its energy-efficient hash-graph technology is often mentioned as a competitive advantage over traditional blockchains, trading in quantities still hangs peers like Solana. Still, institutional endorsements from Google, IBM and Boeing offer a degree of legitimacy that can appeal to investors seeking use-driven blockchain projects. Its low cost, high -speed transactions keep HBAR placed as a challenger in the developing digital asset landscape.
In the last hour of the observed session, HBAR showed signs of stabilization and hovered close to about $ 0.24. The token formed a lesser rising triangle pattern and tested support several times while pushing slightly upwards. Although modest, this recovery of a quantity of 2.08 million indicates that buyers are taking back in.
Technical indicators Assessment
- HBAR violated multiple support levels including $ 0.25 and $ 0.24 in the entire bearish phase.
- Volume wave of 55.91 million over 19:00 hours signaled intensified liquidation pressure.
- Formation of increasing triangular pattern with progressive higher low low low low lower established at $ 0.24, $ 0.24 and $ 0.24.
- The resistance remained consistently around $ 0.24, suggesting the potential of outbreaks over this threshold.
- Recent stabilization near $ 0.24 may indicate potential consolidation prior to subsequent directional movement.
- Technical analysis reveals constructive consolidation patterns with successful support studies.
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