Hbar suffered a strong recession in the last 24 hours, sliding 4.32% of $ 0.22 to $ 0.21 between September 3 at 3:00 p.m. and September 4 at 2:00 p.m.
The sales pressure intensified as resistance at $ 0.222 limited recovery attempts, which led to a breakdown below the support zone of $ 0.212– $ 0.214.
The movement was accompanied by greater volatility, with a negotiation range of $ 0.011 that reflects a 4.93%swing. The volume reached its maximum point dramatically at 179.34 million during 1:00 p.m., a chapter sign when the vendors overwhelmed the buyers.
The trade became particularly volatile between 13:30 and 14:29 on September 4, when Hbar briefly increased from $ 0.213 to $ 0.216 in an increase in volume of 42.37 million.
However, the increase was short -lived, since the profits quickly erased the profits, sending the token back to $ 0.213. A new negotiation range was formed between $ 0.212 and $ 0.214, with a high activity that keeps 3 to 8 million volume per minute until 14:10. The stabilization arose in the closed session, with Hbar settling about $ 0.213 as the volumes decreased.
The combination of technical breakdowns and sale of Macro has underlined the fragility of the market, even in the face of regulatory progress for hedera. Merchants now observe stabilization signs before considering long positions, with the $ 0.212– $ 0.214 area a critical area for price action in the short term.
The red flash graphics while the bears take over control
- The resistance remains firm at $ 0.222 during the early negotiation session.
- The bearish trend intensifies with the acceleration of the sales pressure at the closure.
- The support arises at $ 0.212- $ 0.214 before critical breakdown.
- The support failure indicates a deeper correction ahead for bulls.
- The volume is triggered at 179.34 million at 13:00 marking capitulation phase.
- The single -minute volume explosion reaches 42.37 million at 13:50 intradic peak.
- The action together with the range is developed between $ 0.212- $ 0.214 after the gain taking.
- The sustained volume averages 3-8 million per minute until the 14:10 session.
- The price is stabilized about $ 0.213 as volume contracts towards the end of the period.
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