HBAR Token Drops 3% to $0.23 Amid Heavy Selling Pressure
Hedera Hashgraph’s HBAR token experienced significant selling pressure over a 23-hour period from August 19 to August 20, dropping 3% from $0.24 to $0.23.
Key points include:
- Trading within a $0.01 range indicated a 4% spread between session high and low.
- $0.24 identified as a critical resistance level where buying momentum decreased.
- Final trading hour saw volumes reach 85.82 million HBAR, reflecting strong institutional selling.
- During the steepest decline, over 3.8 million tokens were traded between 13:45 and 14:06.
- HBAR recovered towards $0.23 by market close, indicating some short-term support.
