Hedera HBAR Tests Critical $0.23 Support Amid 3% Slide as Institutional Selling Intensifies

BTCC / BTCC Square / Global Cryptocurrency /

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2025-08-20 16:03:03

[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN] Hedera HBAR News -

Hedera Hashgraph's HBAR token experienced significant volatility during Thursday's trading session, declining 3% from $0.24 to test crucial support at $0.23. The sell-off was driven by substantial institutional pressure that overwhelmed buyer interest, with price action confined to a tight $0.01 range throughout the session.

Trading dynamics shifted dramatically in the final hour as volume surged to 85.82 million HBAR. A concentrated sell-off between 13:45 and 14:06 UTC saw 3.8 million tokens change hands, pushing prices to session lows before a modest recovery. The $0.23 support level held but showed vulnerability, reminiscent of technical breakdown patterns seen during previous market corrections.

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