HBAR released sharp price fluctuations over 24 hours between August 14 at. 15.00 and August 15 at. 14:00 and moved within a range of $ 0.015, a 6% gap between today’s height of $ 0.259 and low at $ 0.244.
The token faced a strong sales pressure early in the session and bound at $ 0.244 around 21:00 on August 14, before staging a strong rebound for $ 0.259 at. 08:00 the following morning.
Trading volumes hit 65.56 million during the recovery, well over the 24-hour average, and emphasized strong participation.
Key support formed between $ 0.248 and $ 0.249, where buyers repeatedly entered.
On the head solidified resistance down to $ 0.255- $ 0.256 when sellers intensified the distribution. The climbing from low night out showed solid momentum with volume background, suggested to systematic accumulation.
However, the subsequent withdrawal reflected to $ 0.251 profits near resistance and pointed to potential short -term consolidation.
The wider market mood added to volatility. GRAYSCALE submitted to Delaware Trust registrations for potential Haran and Cardano -Spot -Tfs using a structure known from previous crypto investment products.
Meanwhile, Binance expanded BNB Smart Chain functionality to include HBAR and SUI, enabling more effective transverse chain transactions and increased retail access. These developments signaled the strengthening of institutional interest, even when the pricing in the short term was wobbled.
Technical indicators Synopsis
- Trading area of $ 0.015 representing 6% difference between $ 0.259 top and $ 0.244 troughs over the 24-hour period.
- Critical support limit established at $ 0.248- $ 0.249, where the purchase of interest systematically emerged.
- The resistance zone realized around $ 0.255- $ 0.256, where the distribution pressure intensifies significantly.
- Volume wave to 65.56 million below recovery tip of $ 0.259 exceeded 24-hour sliding average.
- Breakdown under $ 0.252 Support confirmed by increased volume exceeding 5 million during the final trade time.
- Institutional distribution pattern clearly during 13: 35-13: 45 timeframe with acute price degradation.
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