Hedera HBAR Retreats from Intraday High as Late Selling Pressure Intensifies
HBAR experienced a sharp selloff during the final trading hour on September 16, wiping out earlier gains amid apparent institutional distribution. The token declined from $0.237 to $0.235 within one hour, marking a 1.05% drop after hitting an intraday peak of $0.2385. Trading volumes surged to 5.6 million—nearly double the session's average—as HBAR broke through multiple support levels.
Despite the late-session reversal, HBAR showed notable resilience earlier in the day, climbing steadily from $0.23 to $0.24 over a 23-hour period. The token's failure to sustain higher price levels underscores the fragility of recent bullish momentum. Technical indicators present mixed signals, with key resistance forming at $0.24 within a trading range of $0.23 to $0.24.
