HBAR Falls 2.5% Following Breach of Crucial Support Levels

HBAR experienced significant selling pressure in the latest session, dropping from $0.241 to $0.238 between 13:25 and 14:24 on August 19. An initial rise to $0.243 was swiftly reversed as heavy selling pushed the token below important support levels. A volume spike of 5.38 million at 13:32 confirmed the breakdown, before trading activity slowed in the final minutes, leading HBAR to close near session lows.

In the 24-hour period from August 18 at 15:00 to August 19 at 14:00, the token decreased by 2.46%, falling from $0.244 to $0.238. Trading was volatile, with HBAR fluctuating between $0.249 and $0.237 on volume exceeding 87 million.

Wider market conditions added pressure as the U.S. Producer Price Index rose to 3.3%, exceeding Federal Reserve projections, thus heightening inflation concerns and contributing to $460 million in liquidations across digital assets.

Despite the volatility, analysts note HBAR’s robust infrastructure and corporate partnerships as a strong basis for long-term adoption, even while short-term sentiment appears fragile.

Corporate Technical Analysis Framework

• HBAR exhibited significant selling momentum in the last 24-hour period from August 18 at 15:00 to August 19 at 14:00, declining from $0.24 to $0.24, reflecting a 2.46% decrease with an overall trading range of $0.01 (4.81%).
• The digital asset peaked at $0.25 during the evening trading of August 18 before facing considerable resistance and initiating a sustained decline that continued through the Asian trading session.
• Key support at $0.24 was decisively broken during early morning trading on August 19, with high-volume selling confirming the breakdown.
• Inability to reclaim this support level despite several recovery attempts suggests further downside potential towards the $0.24 support area.
• HBAR’s selling trajectory intensified during the last hour from August 19 at 13:25 to 14:24, falling from $0.24 to $0.24 with extreme volatility highlighted by a sharp spike to $0.24 at 13:30.

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