The token hbar of Hedera endured a strong sale in the last 24 hours, falling 5% of $ 0.24 to $ 0.23 as the merchants discharged positions in large volumes. The most steep decrease occurred early Wednesday, when more than 277 million tokens changed hands between 06:00 and 09:00 UTC, forcing prices through the support level of $ 0.235 and briefly dragging the token at least about $ 0.226. Buyers intervened at those levels, helping to stabilize, although they try to recover $ 0.235– $ 0.241 met with firm resistance.
The pressure intensified again later in the session, with a drop of one hour of $ 0.229 to $ 0.226 marked by the concentrated sale. The commercial activity shot at 13:30 and again after 14:00 UTC, pushing the token as low as $ 0.2245 before a modest rebound. That rebound stagnated at $ 0.227– $ 0.229, leaving Hbar fixed just above the newly established support at $ 0.225.
Turbulence occurs amid a significant regulatory development in the US. (CFTC) This week issued a new orientation that allows US merchants to access offshore cryptocurrency markets through their advice from the foreign trade board. Analysts suggest that the movement could open fresh liquidity pipes for digital assets, including average capitalization tokens as a HBAR, at a time when institutional flows are increasingly directed to the undervalued corners of decentralized finances.
For now, however, the technical image is still fragile. Hbar remains above the support area of $ 0.226, but faces hard resistance in any attempt of rally. With the prices about $ 0.23, merchants are observing whether the regulatory change of the CFTC can exceed the short -term bearish pressure and cause a renewed demand of the Token.
Technical indicators reveal key levels
- The volume explosions reached 277.89 million during the maximum sales butcher shop, confirming an impenetrable resistance around $ 0.235.
- The support strengths established at $ 0.226- $ 0.228, where purchase interests provided desperate stabilization.
- Resistance fortifications remain bulletproof at $ 0.235- $ 0.241, where previous manifestations were systematically destroyed.
- Oral makeup support zone forged at $ 0.2245- $ 0.225 after periods of apocalyptic sales.
- The evaporation volume during recovery attempts indicates the possible battlefield of consolidation.
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