HBAR Dips After Strong Gains Amid Renewed Market Liquidation

HBAR Pulls Back as Late-Session Selling Reverses Early Gains

Hedera’s HBAR gave back early gains on Sept. 16, with institutional selling pressuring the token lower toward the end of trading.

The token slipped from $0.237 to $0.235 between 13:15 and 14:14 UTC, a 1.05% decline, after reaching an intraday high of $0.2385. This came after a 23-hour rally that saw HBAR climb steadily from $0.23 to $0.24.

Trading volumes spiked notably between 13:45 and 13:51 UTC, surpassing 5.6 million — nearly double the session average — signaling potential institutional distribution. HBAR breached support levels at $0.237, $0.236, and $0.235, leaving momentum weakened into the close.

Despite the late-session reversal, HBAR maintained resilience over the 23-hour period, posting roughly a 1% gain while trading in a $0.231–$0.239 range. The token’s inability to sustain higher levels under concentrated selling highlights the fragility of recent bullish sentiment.

Technical Indicators

• Resistance was established at $0.24, reversing prices on heavy volume of 72.03 million during the 13:00 hour.
• Support held around $0.23, defended multiple times across the session.
• Volume surged during the decline, especially between 13:45–13:51 UTC, signaling intensified selling pressure.
• Overall, technicals indicate continued bullish interest, with institutional participation evident at critical reversal points.

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