Hbar has faced regular drop in the last 23 hours, from $ 0.25 to $ 0.24, a decrease of 3.38%. The token initially attempted to take a momentum on September 18, reaching $ 0.25 per 8:00 p.m., but the sellers quickly exceeded demand near this level of resistance. Commercial activity increased at 7:00 p.m. with volumes exceeding 55.91 million, highlighting the intensity of the sale. At the end of the evening, Hbar broke under the key support areas at $ 0.25 and $ 0.24, testing the lower limit before finding temporary stability.
The retrace highlights a short -term fragile feeling, bears keeping control because buyers did not defend critical thresholds. The inability to recover from lost ground indicates that market players remain cautious, although consolidation almost $ 0.24 suggests a certain stabilization. If the continuous level of holding, traders can consider it as a base for a potential lateral movement before a clearer directional trend emerges.
Larger market factors continue to shape Hbar’s prospects. Although its energy -efficient chopping technology is often cited as a competitive advantage compared to traditional blockchains, commercial volumes are always lagging behind like Solana. However, the institutional mentions of Google, IBM and Boeing offer a certain degree of legitimacy which could call on investors in search of blockchain projects focused on public services. Its low -cost and high -speed transactions maintain Hbar positioned as a competitor in the landscape of evolving digital assets.
In the last hour of the observed session, Hbar showed signs of stabilization, oscillating closely around $ 0.24. The token formed a minor ascending triangle pattern, testing the support several times while pushing slightly upwards. Although modest, this recovery on the volume of 2.08 million indicates that buyers temporarily retreat. The question of whether this consolidation evolves towards a sustained increase in the moment remains contingent to overcome immediate resistance nearly $ 0.24.
Technical indicators assessment
- Hbar violated several levels of support, including $ 0.25 and $ 0.24 throughout the lower phase.
- An increase in volume of 55.91 million during the intensified liquidation pressure of 7:00 p.m. reported.
- Formation of ascending triangular diagram with higher progressive stockings established at $ 0.24, $ 0.24 and $ 0.24.
- The resistance remained consistent around $ 0.24, suggesting a breakup potential above this threshold.
- Recent stabilization almost $ 0.24 may indicate a prospective consolidation preceding the subsequent directional movement.
- Technical analysis reveals a constructive consolidation model with successful support exams.
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