Hedera’s HBAR slid sharply over the past 24 hours, losing ground as traders reacted to intensified selling pressure and broader market weakness. Between Sept. 3, 15:00 and Sept. 4, 14:00 the token dropped roughly 4.32%, moving from about $0.22 to $0.21.
Price action was capped by resistance near $0.222, and the token broke below a short-term support band at $0.212–$0.214. Volatility increased: the intraday trading range covered roughly $0.011 (a 4.93% swing), and volume spiked to a session high of 179.34 million during the 13:00 hour — a classic sign of a capitulation phase where sellers overwhelm buyers.
Intraday momentum produced a brief recovery between 13:30 and 14:29 on Sept. 4, when HBAR ticked from about $0.213 to $0.216 on a single-minute surge of 42.37 million volume. That advance was short-lived: aggressive profit-taking erased gains and pushed the token back into a narrow range around $0.212–$0.214, with sustained minute-by-minute volumes of 3–8 million through 14:10 before activity tapered and price stabilized near $0.213.
What traders should watch
Technically, the near-term outlook remains bearish while HBAR trades below $0.222. A reclaim of that resistance on higher-than-normal volume would be the first confirmation that buyers are regaining control. Conversely, a decisive break and close below $0.212 could signal a deeper correction and invite further downside targeting lower support zones.
Why it matters: The move highlights how quickly macro-driven selling and intra-session profit-taking can flip sentiment — even when a project has positive longer-term fundamentals or regulatory progress. Short-term traders should wait for clear stabilization or a volume-backed reversal before adding exposure.
Risk awareness: HBAR’s recent swings underscore elevated intraday volatility. This piece is market analysis, not investment advice — position sizing and stop-loss discipline are particularly important in thin or fast-moving sessions.
Source: CoinDesk. Read the original coverage for full details.