Hbar saw a strong sale pressure in the last hour of commerce on September 16, erasing previous profits. The Token fell from $ 0.237 to $ 0.235 between 13:15 and 14:14 UTC, a 1.05%decrease, after reaching an intradic maximum of $ 0.2385. The movement marked an investment of the previous section of 23 hours, when Hbar had constantly risen from $ 0.23 to $ 0.24.
The sale of the sale of the late session was accompanied by an increase in commercial activity, particularly between 13:45 and 13:51 UTC, when the volumes increased more than 5.6 million, almost double the baseline for the session. The pattern suggests an institutional distribution, since the cryptocurrency broke at successive support levels at $ 0.237, $ 0.236 and finally $ 0.235. If they do not recover above these levels, it left the impulse deteriorated at the closure.
Despite the abrupt reversal, the broader performance of 23 hours of HBAR reflected the underlying resilience. The Token advanced approximately 1% during that period, quoting within a wide range of $ 0.231 to $ 0.239 and showing a strong purchase activity before September 16.
Technical indicators shows mixed market signals
- Hbar sailed within a range of $ 0.01 that covers $ 0.23 floor and $ 0.24 of ceiling, delivering a total fluctuation of 3%.
- The key resistance materialized on the threshold of $ 0.24 where the price was invested in a high volume of 72.03 million during 1:00 p.m.
- The support established around $ 0.23- $ 0.23 Zone with multiple successful defense attempts.
- The volume intensified substantially throughout the decrease, particularly for 13: 45-13: 51 by selling accelerated impulse with volumes that exceed 5.6 million.
- The technical configuration indicates that Hbar holds a bullish impulse with considerable institutional interest demonstrated by the volume greater than the average during the key reversion points.
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