HBAR Token Declines 4% Amid Increased Institutional Selling Pressure
The HBAR token from Hedera experienced a decline of about 4% from August 31 to September 1 due to institutional investors reducing their exposure. Key trading activity occurred around the $0.22 level, with intraday prices fluctuating between $0.23 and $0.22.
Significant selling was noted after-hours, with over 110 million tokens traded, indicating coordinated divestment efforts. Market makers attempted to stabilize prices within the $0.21–$0.22 range, but resistance at $0.22 limited recovery chances.
Despite this downturn, Hedera's market capitalization remained around $9.5 billion, although daily trading volume dropped by 46% to $172.85 million.
Further selling pressure intensified in the final hour of trading on September 1, leading to breaches of multiple support levels. Approximately 3.5 million tokens were traded in one minute as HBAR fell below its resistance level, closing near its lows. The market indicates ongoing negative institutional flows and potential for further corporate repositioning.
Market Structure Analysis Reveals Institutional Repositioning
- Price declined from $0.22 to $0.22, with a 5% range between session highs and lows.
- Trading volume surpassed 110 million tokens during overnight hours, signaling significant institutional activity.
- Support levels formed around $0.21-$0.22, but recovery attempts lacked institutional support.
- Resistance established near $0.22-$0.23, where selling pressure persisted.
- Multiple support breaches occurred at $0.22, with sellers maintaining market control.
