CoinDesk
Sep 16, 2025
5 1

HBAR Experiences 1.05% Decline Following Late Session Selloff

On Sept. 16, HBAR experienced a sharp sell-off in the last hour of trading, dropping from $0.237 to $0.235, a 1.05% decrease after hitting an intraday high of $0.2385. This reversed a previous 23-hour gain from $0.23 to $0.24.

  • The late-session decline featured increased trading activity, with volumes exceeding 5.6 million between 13:45 and 13:51 UTC, indicating potential institutional distribution.
  • HBAR broke through support levels at $0.237, $0.236, and $0.235, failing to recover above them by market close.
  • Despite the reversal, HBAR showed approximately a 1% increase over the broader 23-hour period, trading within a range of $0.231 to $0.239.
  • Resistance was identified at $0.24, with strong volume of 72.03 million during the 13:00 hour.
  • Support was observed around the $0.23-$0.23 zone with multiple defenses.
  • The technical setup indicates sustained bullish momentum with significant institutional interest, as evidenced by elevated volumes at key points.

HBAR/USD (TradingView)

The inability to maintain higher levels under selling pressure highlights the fragility of recent bullish sentiment.