HBAR conducted a wonderful rally on the previous day, climbing 4.4% as a strong institution flow pushed the token to a major level of resistance. The transfer, which brought prices from $ 0.22 to $ 0.23 between September 8 and 9, was supported by an advances in trading activity. Volumes reach 91.65 million in 13:00 hours-more than double the daily average of 40.85 million-strengthening the view that large buyers are behind the breakout.
The technical picture added weight to the bullish narrative. HBAR is placed at a higher lows at $ 0.2217 and $ 0.2246 before falling resistance to $ 0.2280 in massive quantities. The momentum was accelerated in the morning session, driving prices from $ 0.2274 to an intraday peak of $ 0.2335. Market structure and activity confirmed institutional accumulation, providing a breakout added credentials. The bulls strictly appear in control as the rally opens.
However the strength has proven to be flying. In the final time of trading, the HBAR upside down course, slipping 0.32% from $ 0.233 to $ 0.233 as the income appeared. The sale began after the token held a session high of $ 0.234 at 09:20 and intensified during a concentrated window between 9:40 and 09:53. Strong explosions of sale, with a volume of 1.97 million and 2.28 million tokens, signed that institutional investors are cashing in short-term acquisitions.
The sharp pullback features ongoing tug-of-war between bullish momentum and income pressure. While the upper resistance breakout suggests an extensive appetite for HBAR, the rapid return -Is emphasize the challenges of maintaining rallies in a market that is still sensitive to institutional flows. The bulls are now faced with a trial of convincing, with a resistance near $ 0.234 emerging as a pivotal battleground.
Technical assessment
- Price Action: Higher lows to $ 0.2217 and $ 0.2246 Confirm trend. The upward structure holds through the session.
- Volume assessment: 91.65 million trading of tokens at the peak time. The figure beat 40.85 million days average of 124%.
- Breakout resistance: $ 0.2280 cracks in heavy volume. The bulls drive the basic technical barrier.
- Momentum Acceleration: Early morning from $ 0.2274 to $ 0.2335 shows strength. 6: 00-8: 00 Gains of window drives.
- Reversal Signal: Final time of the volume of spikes that warn the sale. 1.97 million and 2.28 million income signals earning near $ 0.234.
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