“Hedera’s Token Tumbled from $ 0.22 to $ 0.21 As Selling Pressure, Profit-Taking and Broader Market Weakness Drove Traders Out of Risk Assets.”, – WRITE: www.coindesk.com
Selling Pressure Intensified As Resistance at $ 0.222 Capped Attemps at Recovery, Leading to A Breakdown Below The $ 0.212– $ 0.214 Support Zone.
The MOVE WAS ACCOMPANIED BY heighted volatility, with A $ 0.011 Trading Range Reflection A 4.93% Swing. Volume Peaked Dramatical at 179.34 Million Dringing The 13:00 Hour, A Sign of Capitulation As Selers Overwhelmed Buyers.
Trading Turned Particularly Volatile Between 13:30 and 14:29 On September 4, WHEN HBAR BRIEFLY SPIKED FROM $ 0.213 to $ 0.216 On 42.37 Million Volume Surge.
The Uptick Was Short-Lived, However, As Profit-Taking Quickly Erased Gains, Sending the Token Back to $ 0.213. A New Trading Range forMed Between $ 0.212 and $ 0.214, with Elevated Activity Sustaining 3–8 Million Volume per minute Until 14:10. Stabilization Emerged Into the Session Close, with HBAR SETTLING NEAR $ 0.213 As Volumes Taperened Off.
The Combination of Technical Breakdowns and Macro-Driven Selling Has Underscored Market Fragality, Even in the Face of Regulatory Progress for Hedera. Traders Now Watch for Signs of Stabilization Before Considering Long Positions, with The $ 0.212– $ 0.214 Zone A Critical Area for Price Action in The Near Term.
HBAR/USD (TradingView)
Charts Flash Red As Bears Seize Control
- Resistance Holds Firm At $ 0.222 Dringing Early Trading Session.
- Downtrend Intensifies with Accelerating Selling Pressure Into Close.
- Support Emerges AT $ 0.212- $ 0.214 Before Critical Breakdown.
- Support Failure Signals Deeper Correction Ahead for Bulls.
- Volume Spikes to 179.34 Million at 13:00 Marking Capitulation Phase.
- Single-minute Volume Explosion Hits 42.37 Million at 13:50 Intrady Peak.
- Range-Bound Action Develops Between $ 0.212- $ 0.214 After Profit-Taking Wave.
- Sustaned Volume Average 3-8 Million per minute through 14:10 SESSION.
- Price Stabilizes Near $ 0.213 As Volume Contracts Toward Period End.
Disclaimer: Parts of this Article Were Generated with the Assistance from Ai Tools and Review by Our Editorial Team to Enseure Accucy and Adherence to Our Standards. For more information, See Coindesk’s Full Ai Policy.
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