HBAR Slides 4% as Chart Support Fails, Triggering Sell-Off

HBAR Falls 4% as Technical Breakdown Sparks Heavy Selling

Hedera’s HBAR slid 4.32% over the past 24 hours, dropping from $0.22 to $0.21 between September 3 at 15:00 and September 4 at 14:00. Selling pressure, profit-taking, and broader market weakness drove the decline, pushing traders out of risk assets.

Resistance at $0.222 capped recovery attempts, leading to a breakdown below the $0.212–$0.214 support zone. Volatility increased, with a $0.011 trading range (4.93% swing) and peak volume of 179.34 million at 13:00, signaling a capitulation phase.

Intraday volatility spiked between 13:30 and 14:29, with HBAR briefly rising from $0.213 to $0.216 on 42.37 million volume before profit-taking returned it to $0.213. A new range emerged between $0.212–$0.214, with sustained volumes of 3–8 million per minute until 14:10, before the token stabilized near $0.213 as activity tapered.

Technical highlights:

• Resistance: $0.222 remained firm, blocking rebounds.
• Support: $0.212–$0.214 critical for near-term stability.
• Volume: Intraday peaks signal selling exhaustion and profit-taking.
• Momentum: Downtrend continues, suggesting potential further downside.

Traders are closely watching the $0.212–$0.214 zone for stabilization before considering long positions, as market fragility persists despite Hedera’s regulatory progress.

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