Hedera (HBAR) Reclaims $0.22 After Defending Key Support
Hedera’s token bounced back from early weakness, with buy-side support at $0.21 keeping bullish momentum alive.
Between Sept. 1, 09:00 and Sept. 2, 08:00, HBAR traded in a $0.013 band, marking a 6% intraday swing. The token fell from $0.22 to a session low of $0.21 as liquidation volumes spiked above 79 million. Selling pressure quickly eased, however, allowing prices to recover toward the $0.22 mark by the session close.
Market structure suggests bearish momentum is fading. Declining volumes during the rebound indicate sellers are losing control, while repeated defenses of the $0.21 zone strengthen the case for continued upside.
Beyond technicals, Hedera’s focus on enterprise adoption is bolstering sentiment. The network’s corporate alliances and emphasis on payments innovation put it alongside other enterprise-driven blockchains like Kaspa and Remittix, which are also drawing investor attention for scalability and cross-border use cases.
Key Technicals
- Intraday range: $0.21–$0.22 (6% move)
- Heavy liquidations: 79M+ tokens on decline
- Support: $0.21 tested and defended
- Resistance: $0.22 remains the immediate ceiling
- Volume signals: Selling exhaustion, shift toward bullish continuation
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