HBAR has spent the past 23 hours locked in a narrow range, oscillating between $ 0.23 and $ 0.24 on what is 2% volatility value. The token briefly touched sessions high at $ 0.24 on September 16 at 18:00 UTC before sliding down, eventually finding repeated support near $ 0.23. Multiple rebound attempts from that level throughout the morning trade of Sept.
The market activity that is set next to the price profit. Trade volumes fell continuously after an early spike, emphasizing the weakening of participation and suggesting that the bullish momentum is further fading. The forced scope and mute volatility adopted the impression of anesthesia, along with buyers and sellers who refused to hit for a breakout.
The final time of the following period offers a deeper display of sentiment in the market. At 13:33 UTC on September 17, HBAR suddenly sold from $ 0.24 to $ 0.23, accompanied by an outsized 2.56 million in just three minutes. However the coin presents a measured recovery, climbing back to the end near the session highs, which contains the pushing and pulling of the sun between sellers and opportunist buyers.
Generally, HBAR slides 1% throughout the 23-hour window. While establishing support around $ 0.23 provides some stability, the decline of volumes and prolonged down pressure leaves the market. The rapid sale-off and subsequent rebound describes the uncertainty that is still shaping the HBAR’s view, with bearish sentiment existing but stuck through the signs of technical stability.
Technical assessment
- Price action showed integration within a 2% range between $ 0.23- $ 0.24 resistance and support thresholds.
- Many are contracted from 45.7 million to 4.7 million tokens that indicate a violation of market participation.
- Multiple rebounds at $ 0.23 support level suggest potential flooring on the floor.
- The acute seller-off at 13:33 followed by recovery indicates a volatile sentiment change.
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