BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Hedera HBAR Drops 5% as Institutional Selloff Tests Critical $0.23 Support
Hedera HBAR Drops 5% as Institutional Selloff Tests Critical $0.23 Support
5
2
[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera Hashgraph's native token HBAR experienced a sharp 5% decline between September 14-15, dropping from $0.24 to $0.23 amid a wave of institutional liquidations. Trading volumes spiked to 126 million tokens during the sell-off—triple typical corporate flow levels—with concentrated selling pressure between 07:00-08:00 UTC breaching key support thresholds.
The sell-off reflects mounting concerns about enterprise adoption and regulatory challenges, prompting large stakeholders to rebalance portfolios. A brief recovery attempt deployed 2.47 million HBAR to test $0.24 resistance before losing steam, establishing $0.23 as the new critical support level. Analysts interpret the failed breakout as confirmation of strong overhead resistance.
By:
