Hbar passed much of the last 23 hours blocked in a narrow range, oscillating between $ 0.23 and $ 0.24 in which it amounted to only 2% volatility. The Token briefly touched the maximums of the session at $ 0.24 on September 16 around 18:00 UTC before sliding lower, finding repeated support about $ 0.23. Multiple bouncing attempts from that level during the morning operation of September 17 hinted at a potential price price, although the conviction remained limited.
Market activity decreased along with the drift of the price. Commercial volumes constantly fell after an early peak, underlining the participation of weakening and suggesting that the bullish impulse has vanished largely. The restricted range and silenced volatility reinforced the impression of indecision, with buyers and vendors who were not willing to press for a break.
The last hour of the observed period offered a more clear exhibition of the feeling of the market. At 13:33 UTC of September 17, Hbar was abruptly sold from $ 0.24 to $ 0.23, accompanied by 2.56 million in volume of a large volume only three minutes later. However, the currency organized a measured recovery, going back to extreme near the maximums of the session, encapsulating the thrust of the day and the pull between the vendors and the opportunistic immersion buyers.
In general, Hbar fell 1% in the 23 -hour window. While the support establishment about $ 0.23 provides some stability, the decrease in volumes and the sustained downstream leaves the vulnerable market. The rapid sale of sales and the subsequent rebound illustrate the uncertainty that still shapes the perspective of Hbar, with a bearish feeling that prevails but attenuated by signs of technical resistance.
Evaluation of technical indicators
- The price action demonstrated consolidation within a 2% range between $ 0.23- $ 0.24 resistance and support thresholds.
- The volume contracted 45.7 million to 4.7 million tokens indicating a deteriorated market share.
- Multiple rebounds at a support level of $ 0.23 suggest a possible price establishment.
- The acute mass sale at 13:33 followed by the recovery indicates fluctuations of intradic volatile feeling.
Discharge of responsibility: Parts of this article were generated with the assistance of artificial intelligence tools and reviewed by our editorial team to guarantee the precision and compliance with Our standards. For more information, see Coindesk’s complete policy.
