HBAR Declines 6% Amid High Volume and Selling Pressure

HBAR experienced a notable decline over a 23-hour period from September 21 to 22, with the price dropping 6.29% from $0.24 to $0.22. The volatility expanded significantly, with trading ranges reaching 9.7%, surpassing monthly averages.

  • Institutional selling intensified market pressure, establishing resistance around $0.235–$0.24.
  • Peak selling pressure occurred at midnight on September 22, with volume surging to 137.11 million, nearly tripling the daily average.
  • The token's lowest point was $0.22, indicating potential capitulation among short-term holders.
  • A recovery took place in the final hour of trading, with HBAR rising from $0.2197 to $0.2222 due to a 6.21 million volume surge.
  • Despite this rally, volumes dropped to zero in the last three minutes, suggesting a temporary equilibrium.

HBAR/USD (TradingView)

This volatile session highlights the crypto market's sensitivity to institutional flows and sentiment-driven changes, revealing how quickly bearish pressure can turn into buying opportunities.