HBAR Drops 4% Following Significant Technical Breakdown Leading to Major Sell-Off

HBAR experienced a significant decline over the last 24 hours, dropping 4.32% from $0.22 to $0.21 between September 3 at 15:00 and September 4 at 14:00.

Selling pressure escalated as resistance at $0.222 limited recovery attempts, resulting in a fall below the $0.212–$0.214 support zone.

This movement was marked by increased volatility, with a $0.011 trading range indicating a 4.93% fluctuation. Volume surged to 179.34 million during the 13:00 hour, signaling capitulation as sellers overtook buyers.

Trading became particularly unstable between 13:30 and 14:29 on September 4, when HBAR momentarily rose from $0.213 to $0.216 alongside a 42.37 million volume spike.

However, this uptick was short-lived, as profit-taking quickly reversed the gains, leading the token back to $0.213. A new trading range formed between $0.212 and $0.214, with significant activity maintaining 3–8 million volume per minute until 14:10. Stabilization was noted as the session came to a close, with HBAR settling around $0.213 as volumes decreased.

The interplay of technical breakdowns and macro-driven selling has highlighted market fragility, despite regulatory advancements for Hedera. Traders are now looking for stabilization signals before considering long positions, as the $0.212–$0.214 area is crucial for near-term price action.

Charts Flash Red as Bears Seize Control

• Resistance holds firm at $0.222 during early trading session.
• Downtrend intensifies with accelerating selling pressure into close.
• Support emerges at $0.212-$0.214 before critical breakdown.
• Support failure signals deeper correction ahead for bulls.
• Volume spikes to 179.34 million at 13:00 marking capitulation phase.
• Single-minute volume explosion hits 42.37 million at 13:50 intraday peak.
• Range-bound action develops between $0.212-$0.214 after profit-taking wave.
• Sustained volume averages 3-8 million per minute through 14:10 session.
• Price stabilizes near $0.213 as volume contracts toward period end.

Disclaimer: Parts of this article were generated with assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to standards.