Hedera HBAR Sees 6% Plunge Before Sharp Rebound Amid Heavy Trading Volatility

Hedera Hashgraph's native token HBAR experienced significant turbulence over a 24-hour period, dropping 6.29% from $0.24 to $0.22 before staging a partial recovery. The selloff between September 21-22 saw trading ranges expand to 9.7%, significantly exceeding monthly averages, as institutional activity and sentiment-driven flows dominated price action.

Midnight on September 22 marked the peak of bearish pressure, with trading volume surging to 137.11 million HBAR—nearly triple the daily average. The $0.235-$0.24 zone emerged as strong resistance, triggering cascading liquidations that drove prices to a $0.22 low. Late-session buying emerged unexpectedly, with 6.21 million HBAR trading hands in the final hour to push prices back above $0.222.

This volatile action highlights crypto markets' liquidity-driven nature, where institutional flows can rapidly shift market dynamics. The $0.24 level now stands as critical resistance, while the late rebound suggests algorithmic traders may be establishing new support levels.