HBAR Drops 4.32% Amid Increased Selling Pressure and Volatility
HBAR experienced a decline of 4.32%, dropping from $0.22 to $0.21 within 24 hours on September 3-4.
The price faced resistance at $0.222, leading to a breakdown below the support zone of $0.212–$0.214.
Trading volatility increased with a $0.011 range showing a 4.93% swing, and volume peaked at 179.34 million during the 13:00 hour, indicating strong selling pressure.
Between 13:30 and 14:29, HBAR spiked briefly from $0.213 to $0.216 amid a 42.37 million volume surge but quickly retraced back to $0.213 due to profit-taking.
A new trading range formed between $0.212 and $0.214, with sustained activity of 3–8 million volume per minute until 14:10. The price stabilized near $0.213 toward the session's end as volumes decreased.
Technical breakdowns alongside macro-driven selling highlight market fragility. Traders are monitoring the $0.212–$0.214 area for signs of stabilization before considering long positions.
Charts Flash Red as Bears Seize Control
- Resistance remains at $0.222 during early trading.
- Downtrend deepens with increasing selling pressure.
- Support establishes at $0.212-$0.214 before breakdown.
- Failure of support suggests potential for further correction.
- Volume spikes to 179.34 million at 13:00 indicating capitulation.
- Single-minute volume reaches 42.37 million at 13:50 peak.
- Range-bound trading occurs between $0.212-$0.214 post profit-taking.
- Sustained volume averages 3-8 million per minute until 14:10.
- Price stabilizes around $0.213 as volume contracts.