Hbar tumbles 5%when government closure delays critical ETF approvals

Hedera Hashgraps HBAR -Token fell almost 5% from $ 0.22 to $ 0.21 between October 8 and 9, when institutional caution was elaborated in the midst of the ongoing regulatory uncertainty. Volatility rose to 5.4%with heavy sales between 01:00 and 08:00 on October 9th and pushed quantities over 100 million units per hour. Analysts cited strong resistance to $ 0.22 and institutional support near $ 0.21 as central technical levels.

The last hour then accelerated losses where HBAR slid another 0.85% to $ 0.212. A short recovery attempt of $ 0.215 failed quickly and the trading volume collapsed to zero in the final minutes – to denote either technical problems or a complete institutional retreat.

The sales officer reflects wider market turmoil when the US government’s closure stops SEC operations and delays ETF approvals. Canary Capital’s HBAR and Litecoin ETF archiving remain pending, while Bitwise lowered Solana ETF fees and added efforts to remain competitive. Until legislative clarity returns, corporate tax boxes are expected to remain cautious with exposure to digital asset.

HBAR/USD (TradingView)

Metrics for company risk assessment
  • Token-Valuation fell from $ 0.22 to $ 0.21 during the October 8-9 trade period, representing a 4.13% institutional retreat
  • The total trade volatility of $ 0.012 (5.40%) exceeded normal business risk parameters for exposure to digital asset
  • Concentrated institutional sales occurred between 01: 00-08: 00 on October 9, indicating coordinated corporate tax decisions
  • Trading quantities surpassed 100 million units at the pointed sales periods, confirming institutional participation
  • Significant institutional resistance established at $ 0.22 Price level for company entry points
  • Institutional support is materialized near $ 0.21, creating defined risk parameters for corporate chain management
  • Final Trade Hour demonstrated additional decrease of 0.85%, which extended business loss
  • Intraday volatility of $ 0.0027 (1.26%) Over the course of 60-minute period, the company’s risk-tolerance thresholds exceeded
  • Restore attempts peaked with $ 0.215 around 13:24 before they encounter institutional profits
  • Session Lows near $ 0.212 over 14:00 Period confirmed with institutional validation with high volume
  • Complete withdrawal of market liquidity in the last three minutes (14: 10-14: 12) suggests coordinated institutional output
  • Critical Business Resistance Level Established at $ 0.215 with immediate institutional support for $ 0.212

Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.

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