“Hedera’s Token Rebounded Sharply From Overnight Lows Before Retreating on Heavy Selling, As etf Filings and Cross-Chain Integrations Underscored Growing Institutional Engase.”, – WRITE: www.coindesk.com
The token Faced Heavy Selling Pressure Early in the Session, Bottoming at $ 0.244 AROUND 21:00 on Aug. 14 Before Staging A Strong Rebound to $ 0.259 by 08:00 The Following Morning.
Trading Volumes Hit 65.56 Million During the Recovery, Well Above The 24-Hur Average, UndersCoring Strong Participation.
Key Support ForMed Between $ 0.248 and $ 0.249, WHERE BUYERS REPEATEDLY STEPED IN.
On the Upside, Resistance Solidified At $ 0.255– $ 0.256 As Selers Intensified Distribution. The climb from overnight Lows Showed Solid Momentum with Volume Backing, Hinting at Systematic Acccumulation.
However, The Subsequent Pullback to $ 0.251 Reflected Profit-Taking Near Resistance and Pointed to Potential Short-Term Consolidation.
Broader Market Sentiment Added to the Volatility. GrayScale Filed for Delaware Trust Registrations for Potential Hbar and Cardano Spot Etfs, Using A Structure Familiar from Previous Crypto Investment Products.
Meanwhile, Binance Expanded BNB Smart Chain Functionality to Include Hbar and Sui, Enabling More Efficiency Cross-Chein Transactions and IncreASING Retail Accession. TheSe Developments Signrated Strengthaning Institutional Interest Even as Near-Term Price Action Wavered.
HBAR/USD (TradingView)
Technical Indicators synopsis
- Trading Range of $ 0.015 Representing 6% Differential Between $ 0.259 Peak and $ 0.244 TROUGH Durying 24-Hour Period.
- Critical Support Thresold Establized at $ 0.248- $ 0.249 WHERE BUYING INTEREST EMERGED SYSTEMATICALLY.
- Resistance Zone Materialized AROUND $ 0.255- $ 0.256 WHERE DISTRIBUTION PRESSURE INTENSIFIED SUBSTANTALYLY.
- Volume Surge to 65.56 Million Durying Recovery Peak at $ 0.259 Exceeded 24-Hour MOVING AVERAGE SIGNFICANTLY.
- Breakdown Below $ 0.252 Support ConfirMed by Elevated Volume Exceeding 5 Million During Final Trading Hour.
- Institutional Distribution Pattern Evident Dringing 13: 35-13: 45 TimeFrame with Acute Price Deterioration.
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Bonk Stabilizes After Testing Major Support, with Institutional Traders Eyeing Potential Upside from Current Consolidation Zone
- Bonk Traded Between $ 0.000023 and $ 0.000026 Over The Past 23 Hours, ENDING AT $ 0.00002448.
- Institutional Volumes Reached 4.02t Tokens at $ 0.000026, Confirming Strong Resistance.
- Support AT $ 0.000023 Held Firm, with Late-Session Buying Lifting Prices Back Toward $ 0.000025.
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