HBAR Experiences 5.83% Intraday Move Amid Heavy Trading Activity
Hedera’s HBAR token experienced significant volatility recently, trading between $0.242 and $0.228, a 5.83% intraday move. Key points include:
- During the August 25 selloff from $0.237 to $0.228, trading volume surged to 169.5 million tokens, indicating institutional buying interest.
- Price recovered to $0.237 by session close, suggesting strong market support.
- Support was established around $0.236300, with repeated validation reinforcing buying activity.
- The trading range of $0.236300 to $0.238270 indicates a consolidation phase ahead of a potential breakout.
- Resistance at $0.238270 will be critical for determining future price direction.
