The Token Hbar of Hedera organized an early demonstration, but ended the session on Thursday, since the heavy sales pressure erased the profits and broke the critical technical levels. The Token rose 6% of $ 0.21 to $ 0.22 in the 23 hours prior to 2:00 p.m. UTC on September 5, establishing a modest negotiation range of $ 0.013. However, the movement fought quickly when sellers emerged in increasing volumes, which doubled the average of 24 hours to 77.6 million tokens.
The investment came quickly in the last hour of commerce. Between 13:26 and 14:25 UTC, Hbar returned to $ 0.22, breaking a key support level at 14:16. This movement triggered a cascade of detention orders and an acceleration of institutional settlements. In two minutes, the volume increased to 6 million tokens, triple the average rotation per hour, underlining the intensity of the withdrawal.
The breakdown eclipsed a significant regulatory milestone. Wyoming’s stable Token commission appointed the network the exclusive candidate for his stable token backed by the State (FRNT)citing the speed and reliability of hedera to emit a digital currency backed by dollar. The decision marked one of the strongest signs of institutional validation for the main book.
Despite the advance, the markets shrugged largely from the news. Hbar has yielded 12% during the past month as retail demand vanished. The data in the chain show that social domain falls from 55% to 0.74%, while the intelligent money index, a proxy of institutional flows, was reduced to 1.108, indicating that sophisticated operators are reducing the exposure. With $ 0.19 emerging as the next main support zone, Hedera faces increasing pressure to translate the state validation in the sustained confidence of investors.
Data data trade to continuous weakness
- The support remains at $ 0.21 with an early session volume confirmation
- The resistance arises at $ 0.22 as the sales pressure intensifies above 77.6 million volume
- Multiple support is broken at $ 0.22 levels before the temporary stabilization of $ 0.22
- Two minutes volume arises at 6 million institutional sales signals for 14: 17-14: 18 window
- Social metrics fall from 55% to 0.74% shown by the retail exodus
- Smart money index at 1,108 confirms the withdrawal of professional merchant
- $ 0.19 key threatened by the acceleration of sales pressure
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