Hbar has undergone a net slowdown in the last 24 hours, going from 4.32% from $ 0.22 to $ 0.21 between September 3 at 3:00 p.m. and September 4 at 2:00 p.m.
The sale pressure has intensified as a resistance to $ 0.222 of recovery attempts, leading to a ventilation below the support area from 0.212 to 0.214 $.
This decision was accompanied by increased volatility, with a negotiation range of 0.011 reflecting a swing of 4.93%. The volume reached a peak of 179.34 million in 1:00 p.m., a sign of capitulation as a sellers overwhelmed buyers.
Exchanges became particularly volatile between 1:30 p.m. and 2:29 p.m. on September 4, when Hbar briefly increased from $ 0.213 to $ 0.216 on an increase of 42.37 million volumes.
The increase was short -lived, however, while taking profits quickly erased the gains, returning the token to $ 0.213. A new commercial range was formed between $ 0.212 and $ 0.214, high activity supporting 3 to 8 million volumes per minute at 2:10 p.m. Stabilization emerged in the closure of the session, Hbar depositing nearly $ 0.213 while the volumes were spread out.
The combination of technical failures and macro-axed sales underlined the fragility of the market, even in the face of the regulatory progress of Hedera. Merchants are now watching for stabilization signs before considering long positions, with the area from $ 0.212 to $ 0.214 a critical area for short -term prices action.
Red flash graphics while bears enter control
- The resistance is firm at $ 0.222 during the first negotiation session.
- The downward trend intensifies with the acceleration of the sales pressure on closure.
- Support emerges at $ 0.212 to $ 0.214 before critical rupture.
- Supporting failure indicates a deeper correction to come for bulls.
- The volume increases to 179.34 million in the scoring capitulation phase of 1:00 p.m.
- The volume explosion at one minute reached 42.37 million at 13:50 intraday peak.
- The range linked to the range develops between $ 0.212 and $ 0.214 after a for -lucrative wave.
- The sustained volume is on average 3 to 8 million per minute at 14:10.
- The price stabilizes almost $ 0.213 as the volume contracts towards the end of the period.
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