HBAR Declines Within a Limited Trading Range and Decreased Volume

HBAR spent much of the past 23 hours locked in a narrow range, oscillating between $0.23 and $0.24 with just 2% volatility. The token briefly reached session highs at $0.24 on Sept. 16 around 18:00 UTC before sliding lower, ultimately finding repeated support near $0.23. Multiple rebound attempts from that level during the morning of Sept. 17 hinted at a potential price floor, though conviction remained limited.

Market activity diminished alongside the price drift. Trading volumes fell steadily after an initial spike, highlighting weakening participation and suggesting that bullish momentum has largely faded. The constrained range and muted volatility reinforced the impression of indecision, with buyers and sellers reluctant to push for a breakout.

The final hour of the observed period showcased a sharper display of market sentiment. At 13:33 UTC on Sept. 17, HBAR sold off abruptly from $0.24 to $0.23, accompanied by a notable 2.56 million in volume just three minutes later. However, the coin staged a measured recovery, climbing back to end near session highs, capturing the day’s tension between sellers and opportunistic dip buyers.

Overall, HBAR slipped 1% across the 23-hour window. While the establishment of support around $0.23 offers some stability, declining volumes and sustained downward pressure leave the market vulnerable. The swift sell-off and subsequent rebound illustrate the uncertainty still shaping HBAR’s outlook, with bearish sentiment prevailing but moderated by signs of technical resilience.

Technical Indicators Assessment

• Price action demonstrated consolidation within a 2% range between $0.23-$0.24 resistance and support thresholds.
• Volume contracted from 45.7 million to 4.7 million tokens indicating deteriorating market participation.
• Multiple rebounds at $0.23 support level suggest potential price floor establishment.
• Acute sell-off at 13:33 followed by recovery indicates volatile intraday sentiment fluctuations.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to RialCenter’s standards. For more information, see RialCenter’s full AI Policy.