Hbar shares drop 4% as institutional sales intensify

The Hedera Hbar token faced a renewed sales pressure while institutional investors reduced the exhibition, pushing the asset to around 4% between August 31 and September 1. The commercial activity was concentrated around the bar of $ 0.22, with intraday swings ranging from $ 0.23 high to $ 0.22.

The heaviest sale emerged in after-hour, when more than 110 million tokens exchanged hands, stressing the signs of coordinated disinvestment. Market manufacturers have sought to stabilize the price from $ 0.21 to $ 0.22, but the hardened resistance just above $ 0.22, capping any significant recovery.

Despite the slowdown, Hedera continues to position herself as a business adoption platform. The daily negotiation volume fell 46% to 172.85 million dollars while the network maintained market capitalization nearly $ 9.5 billion.

The sales pressure has accelerated in the last hour of September 1, when Hbar briefly violated several levels of support. About 3.5 million tokens changed hands in a single minute while the token slipped below its resistance of $ 0.22, closing the session near its stockings. Sellers retaining control and institutional flows leaning on negative, the market indicates that a new repositioning of companies could continue in the short term.

Hbar / USD (tradingView)

The analysis of the market structure reveals institutional repositioning
  • The share price went from $ 0.22 to $ 0.22 representing negotiation ranges of $ 0.01 or 5% between maximum and minimum session levels.
  • The negotiation volume exceeded 110 million tokens during night hours indicating significant institutional activity and a potential portfolio rebalancing.
  • The support levels emerged around the range from $ 0.21 to $ 0.22 with subsequent recovery attempts that have not obtained institutional support.
  • The resistance was formed nearly $ 0.22 to $ 0.23 where the discovery of prices systematically suffered a sale pressure throughout the negotiation period.
  • Multiple support violations occurred at $ 0.22 and $ 0.22, sellers retaining market control.

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