HBAR Gives Back Gains as Late-Session Selling Hits
Hedera’s HBAR saw early gains evaporate on Sept. 16 as institutional selling pushed prices lower toward the close. After peaking at $0.2385, the token slipped to $0.235 between 13:15 and 14:14 UTC, marking a 1.05% decline following a 23-hour rally from $0.23 to $0.24.
The final-hour selloff coincided with a surge in trading volume, spiking past 5.6 million between 13:45 and 13:51 UTC — nearly double the session average — indicating significant institutional distribution. HBAR breached successive support levels at $0.237, $0.236, and $0.235, weakening momentum into the close.
Despite the pullback, HBAR’s broader 23-hour performance showed resilience, advancing roughly 1% while trading in a $0.231–$0.239 range. The inability to sustain higher levels highlights the fragility of recent bullish sentiment amid concentrated sell pressure.
Technical Highlights
- Resistance: $0.24, where price repeatedly reversed on high volume (72.03 million during 13:00 UTC).
- Support: $0.23, defended multiple times during the session.
- Volume Trend: Late-session surge indicates institutional involvement.
- Market Outlook: HBAR maintains underlying bullish interest, but near-term momentum remains sensitive to concentrated selling.
