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