The Token Hbar of Hedera faced a renewed sales pressure as institutional investors cut the exhibition, promoting the asset approximately 4% between August 31 and September 1. The commercial activity was concentrated around the $ 0.22 brand, with intradic swings that vary from $ 0.23 to the maximum of $ 0.22.
The heaviest sale arose during the hours off hours, when more than 110 million tokens exchanged hands, underlining signs of coordinated divestment. Market manufacturers sought to stabilize the price in the range of $ 0.21– $ 0.22, but the resistance hardened just above $ 0.22, limiting any significant recovery.
Despite the recession, Hedera continues to position himself as a platform for business adoption. The daily negotiation volume fell 46% to $ 172.85 million, while the network maintained a market capitalization about $ 9.5 billion.
The sales pressure accelerated in the last hour of the negotiation of September 1, when Hbar briefly violated multiple support levels. Approximately 3.5 million tokens changed hands in a single minute when the Token slid below its resistance of $ 0.22, closing the session near its minimums. With sellers who maintain control and institutional flows that are negatively inclined, the market is pointing out that greater corporate repositioning could continue in the short term.
Market structure analysis reveals institutional repositioning
- The price of the action decreased from $ 0.22 to $ 0.22 that represents negotiation ranges of $ 0.01 or 5% between the maximum and minimum session levels.
- The negotiation volume exceeded 110 million tokens during the hours of the night, indicating a significant institutional activity and a potential rebalancing of the portfolio.
- The support levels arose around the range of $ 0.21- $ 0.22 with subsequent recovery attempts not to obtain institutional support.
- The resistance was formed about $ 0.22- $ 0.23, where the price discovery constantly found sales pressure during the negotiation period.
- Multiple support level infractions occurred at $ 0.22 and $ 0.22 with vendors that maintained market control.
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