HBAR Rebounds From $0.21 as Selling Pressure Cools
Hedera’s HBAR token stabilized after a volatile session, recovering from a sharp dip to $0.21 and closing near $0.22 as selling pressure eased.
Across the Sept. 1 (09:00) to Sept. 2 (08:00) window, HBAR swung within a 6% range, slipping from $0.22 to its $0.21 support before rebounding. Liquidations surged past 79 million during the decline, but volumes tapered as buyers stepped in, lifting the token back toward resistance.
Technical signals suggest that bearish momentum has weakened. The $0.21 level remains the key floor, while $0.22 serves as the immediate ceiling. A decisive break higher could set up a continuation of the broader bullish structure.
On the fundamentals side, Hedera’s enterprise alliances and focus on real-world payments applications continue to underpin long-term sentiment. With blockchain adoption accelerating in areas such as scalability and cross-border payments, Hedera remains well-positioned alongside peers like Kaspa and Remittix.
Market Snapshot
- Range: $0.21–$0.22 (6% intraday swing)
- Support: $0.21 (critical level)
- Resistance: $0.22 short-term breakout point
- Volume: 79M+ liquidations absorbed, bearish momentum fading
