Hbar has spent much of the last 23 hours locked in a narrow beach, oscillating between $ 0.23 and $ 0.24 in what represented only 2% of volatility. The token briefly affected the session peaks at $ 0.24 on September 16, around 6:00 p.m. UTC before sliding lower, finally finding a repeated support nearly $ 0.23. Multiple rebound attempts from this level throughout September 17.
Market activity spread alongside the price drift. Trading volumes have dropped regularly after an early point, stressing weakening participation and suggesting that the optimistic momentum has largely disappeared. The constrained beach and the drive -in volatility have strengthened the impression of indecision, with buyers and sellers that are unlikely to put pressure for an escape.
The last hour of the observed period offered a clearer exposure of the market. At 1:33 pm UTC on September 17, Hbar suddenly sold $ 0.24 to $ 0.23, accompanied by an excessive volume of 2.56 million people only three minutes later. However, the piece organized a measured recovery, backing back near the session peaks, encapsulating the push and traction of the day between sellers and buyers of opportunistic declines.
Overall, Hbar slipped 1% on the 23 -hour window. While the establishment of a support of about $ 0.23 offers a certain stability, the drop in volumes and the sustained drop pressure leave the vulnerable market. The rapid sale and the subsequent rebound illustrate the uncertainty always shaping the prospects of Hbar, with the bearish feeling prevailing but tempered by signs of technical resilience.
Technical indicators assessment
- Price action has demonstrated a consolidation in a range of 2% between $ 0.23 and $ 0.24 in resistance and support thresholds.
- The volume contracted from 45.7 million to 4.7 million tokens indicating the deterioration of market participation.
- Multiple rebounds at $ 0.23 in support suggest a price potential price.
- The acute sale at 13:33, followed by recovery, indicates volatile fluctuations in intraday feelings.
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