Heavy Selling Pushes HBAR Down 4% After Support Breach

HBAR Drops 4% as Technical Breakdown Spurs Selling Pressure

Hedera’s HBAR token fell 4.32% over the past 24 hours, sliding from $0.22 to $0.21 between September 3 at 15:00 and September 4 at 14:00. The decline was driven by selling pressure, profit-taking, and broader market weakness.

Resistance at $0.222 capped recovery attempts, triggering a breakdown below the $0.212–$0.214 support zone. Volatility spiked with a $0.011 trading range (4.93% swing) and peak volume of 179.34 million at 13:00, signaling capitulation.

HBAR briefly rallied to $0.216 on 42.37 million volume before profit-taking brought it back to $0.213. A new trading range emerged between $0.212–$0.214, with sustained activity of 3–8 million per minute until 14:10, before stabilizing near $0.213.

Technical Highlights:

• Resistance: $0.222 blocked rebounds
• Support: $0.212–$0.214 critical for stabilization
• Volume: Spikes indicate heavy selling and profit-taking
• Momentum: Downtrend persists, suggesting potential further downside

Traders are watching the $0.212–$0.214 zone closely for signs of stabilization before taking long positions, as both technical and macro pressures continue to weigh on HBAR.