Hedera’s Har -Token staged an early rally, but ended Thursday’s session abused when heavy sales pressure deleted gains and broke through critical technical levels. Token rose 6% from $ 0.21 to $ 0.22 in the 23 hours that led to 14:00 UTC on September 5, creating a modest $ 0.013 trading area. However, the move was quickly tied up as sellers appeared in undulating quantities, doubling the 24-hour average to 77.6 million tokens.
The reversal came quickly in the last trade time. Between 13:26 and 14:25 UTC returned HBAR to $ 0.22 and broke through an important support level at. 14:16. This trait triggered a cascade of stop loss orders and an acceleration of institutional liquidations. Within two minutes, volume spiked to 6 million tokens – tripping the average hourly revenue – underlining the intensity of the retreat.
The division overshadowed a significant regulatory milestone for Hedera. Wyomings Stable Token Commission appointed the network the exclusive candidate for its state-sponsored frontier stable token (Frnt)With reference to Hedera’s speed and reliability to issue a dollar-supported digital currency. The decision marked one of the strongest signs yet for institutional validation for the public ledger.
Despite the breakthrough, markets drew largely from the news. Hbar has thrown 12% over the past month when the retail law faded. Data on the chain shows social dominance that drops 55% to 0.74%, while the smart money index-a proxy for institutional stream-trooped to 1,108, signaling that sophisticated dealers reduce exposure. With $ 0.19, which emerges as the next major support zone, Hedera faces a mounting pressure to translate validation at the state -level into sustained investor confidence.
Trade in data points on continued weakness
- Support holds $ 0.21 with confirmation of early session volume
- The resistance occurs at $ 0.22 as the sales pressure is intensified over 77.6 million volume
- Multiple support breaks of $ 0.22 levels before temporary $ 0.22 stabilization
- Two-minute volume wave for 6 million signals institutional sales during 14: 17-14: 18 window
- Social measurements fall 55% to 0.74% showing retail immigration
- Smart Money Index on 1,108 confirms Professional Trader Retreat
- Key $ 0.19 Support Threatened by speeding up the sales pressure
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