HBAR saw a sharp sales pressure in the last trade in trade on September 16 and deleted earlier winnings. The token slid from $ 0.237 to $ 0.235 between 13:15 and 14:14 UTC, a fall of 1.05%, after hit an intraday high of $ 0.2385. The move marked a turn from the previous 23-hour stretch as HBAR had risen steadily from $ 0.23 to $ 0.24.
The SAL session sale was accompanied by an increase in trade activity, especially between 13:45 and 13:51 UTC as the quantities rose past 5.6 million-nest twice the baseline of the session. The pattern suggests institutional distribution as cryptocurrency broke through successive support levels of $ 0.237, $ 0.236 and ultimately $ 0.235. Failure to recover from these levels in -depth momentum to deteriorate in close.
Despite the sudden reversing, HBBAR’s wider 23-hour performance underlying resilience reflected. The token advanced approx. 1% during this period and traded within a wide range of $ 0.231 to $ 0.239 and showed strong purchase activity earlier on September 16. However, the inability to maintain higher levels in the light of concentrated sales pressure emphasizes the fragility of the recent bullish atmosphere.
Technical indicators showing mixed market signals
- HBAR navigated within a range of $ 0.01 spanning $ 0.23 floor and $ 0.24 ceiling, providing a 3% total fluctuation.
- Key resistance is materialized at the threshold of $ 0.24, with the price turned on an elevated volume of 72.03 million within 13:00 hours.
- Support established about $ 0.23- $ 0.23 zone with multiple successful defense attempts.
- Volume intensified significantly during the decline, especially during 13: 45-13: 51, when the momentum sold accelerated with quantities that exceeded 5.6 million.
- The technical configuration indicates that HBAR maintains Bullish Momentum with significant institutional interest demonstrated by volume above average below central reversing points.
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