Hedera’s HBAR saw a wave of institutional selling that sent the token lower in early September, with more than 110 million HBAR traded during after-hours sessions. Between Aug. 31 and Sept. 1 HBAR fell about 4%, oscillating around the $0.22 level and touching intraday highs near $0.23 and lows near $0.22.
Heavy selling concentrated in overnight trading, when market participants moved more than 110 million tokens — a sign of coordinated portfolio rebalancing by larger holders. Market makers worked to hold price in a $0.21–$0.22 band, but supply pressure stiffened just above $0.22 and capped recovery attempts.
Volume metrics also tell a mixed story: daily trading volume declined roughly 46% to $172.85 million even as the network retained a market capitalization near $9.5 billion. The apparent contradiction — falling 24‑hour volume but concentrated, high-volume after-hours trades — points to targeted institutional moves rather than broad retail panic.
Market structure and short-term outlook
Multiple support levels were breached during the final hour of trading on Sept. 1, including a spike where about 3.5 million HBAR traded in a single minute, accelerating the slide through $0.22. Resistance has coalesced between $0.22–$0.23, and recovery attempts so far lack convincing institutional buying to push price higher.
For traders, the setup suggests a near-term bias toward sellers until clear institutional bids reappear. For enterprises and developers, Hedera’s positioning as an enterprise-focused DLT platform remains unchanged — fundamentals such as partnerships, network usage and real-world adoption can take longer to show in price.
What to watch next: On-chain transfers and exchange flows for HBAR, institutional wallet movements, and order book depth around $0.21–$0.23 will indicate whether sellers are finished or simply rebalancing. If exchanges show rising inflows from custody wallets, downside risk increases; conversely, an uptick in network activity or enterprise announcements could restore confidence. Traders should watch volume-confirmed breakouts above $0.23 for signs of sustained recovery.
Risk note: This analysis is not investment advice. Short-term price moves driven by institutional flows can reverse quickly; anyone trading or investing should consider liquidity, position sizing and potential slippage.
Source: CoinDesk. Read the original coverage for full details.
