HBAR Slides 3% while the sale of pressure has intensified, finds support at $ 0.24

HBAR has faced steady pressure over the past 23 hours, slipping from $ 0.25 to $ 0.24 – a 3.38% decline. The token had earlier attempted to build momentum on September 18, reaching $ 0.25 by 20:00, but sellers quickly overlap the demand near the resistance level. The trading activity emerged at 19:00 with volumes leading to 55.91 million, emphasizing the severity of the sale. Later night, HBAR destroys below the main support zones at $ 0.25 and $ 0.24, testing the lower border before seeking temporary stability.

The retracement has been highlighting fragile emotions in the short term, with bears maintaining control as consumers fail to defend critical thresholds. The inability to capture the lost land indicates that market participants remain cautious, even if the integration is close to $ 0.24 suggests some stabilization. If the level continues to hold, merchants may view it as a basis for potential sideways movements before a clearer direction appears.

More widespread factors in the market continue to shape HBAR’s perspective. While this energy hashgraph technology is often mentioned as a competitive advantage over traditional blockchains, trade volumes remain peers like Solana. However, institutional endorsements from Google, IBM, and Boeing offer a level of legitimacy that can appeal to investors looking for blockchain-driven projects. Low cost, high-speed transactions maintain the positioned HBAR as a contender in the emerging digital asset landscape.

At the final time of the session, the HBAR showed signs of stabilization, strictly walking around $ 0.24. The token is formed by a minor pattern of triangular pattern, testing of support several times while nudging slightly upward. Although moderately, this recovery at a volume of 2.08 million indicates consumers temporarily step back. If that integration is emerging with the sustained reversal momentum remains dependent on the overcome of immediate resistance near $ 0.24.

Technical assessment

• HBAR has violated many support levels including $ 0.25 and $ 0.24 throughout the bearish stage.
• The volume of 55.91 million in the 19:00 hours of the increased pressure of extermination.
• Developing the upward triangle pattern with progressive higher lows established at $ 0.24, $ 0.24, and $ 0.24.
• The resistance remained constant around $ 0.24, suggesting the potential for the breakout above this threshold.
• The recent stabilization of close to $ 0.24 may indicate a prospect integration before the subsequent direction movement.
• Technical analysis shows the constructive integration pattern -includes a successful support review.

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