HBAR saw sharp selling pressure in the final hour of trading on Sept. 16, erasing earlier 0 token slipped from $0.237 to $0.235 between 13:15 and 14:14 UTC, a 1.05% decline, after hitting an intraday high of $0.2385. The move marked a reversal from the preceding 23-hour stretch, when HBAR had climbed steadily from $0.23 to $0.24. The late-session selloff was accompanied by a spike in trading activity, particularly between 13:45 and 13:51 UTC, when volumes surged past 5.6 million — nearly double the baseline for the 1 pattern suggests institutional distribution, as the cryptocurrency broke through successive support levels at $0.237, $0.236, and ultimately $0.235.
Failure to recover above these levels left momentum deteriorating into the 2 the abrupt reversal, HBAR’s broader 23-hour performance reflected underlying 3 token advanced roughly 1% during that period, trading within a wide range of $0.231 to $0.239 and showing strong buying activity earlier on Sept. 16. However, the inability to sustain higher levels in the face of concentrated sell pressure underscores the fragility of recent bullish 4 Indicators Display Mixed Market Signals HBAR navigated within a $0.01 range spanning $0.23 floor and $0.24 ceiling, delivering a 3% total 5 resistance materialized at the $0.24 threshold where price reversed on elevated volume of 72.03 million during the 13:00 6 established around $0.23-$0.23 zone with multiple successful defense 7 intensified substantially throughout the decline, particularly during 13:45-13:51 when selling momentum accelerated with volumes surpassing 5.6 8 technical configuration indicates HBAR sustains bullish momentum with considerable institutional interest demonstrated by above-average volume during key reversal points.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our 9 more information, see CoinDesk's full AI Policy .
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