What to know: 🚪
- HBAR slid 3% from $0.24 to $0.23 over a 23-hour period between August 19-20, trading within a narrow $0.01 range. 🚪
- Heavy selling pressure during the final hour pushed volumes to 85.82 million, marking the most active stretch of the session. 🚀
- Support held at $0.23, with a late recovery suggesting buyers are defending near-term levels despite broader volatility. 🕵️♂️
Hedera Hashgraph’s HBAR token faced heavy selling pressure during a volatile 23-hour stretch between August 19 at 15:00 and August 20 at 14:00, sliding 3% from $0.24 to $0.23. 🎬
45 and 14:06, more than 3.8 million tokens changed hands, coinciding with the sharpest part of the decline. Prices briefly dipped to session lows before bouncing, as buying interest re-emerged to stabilize the market. 🏆
By the final minutes, HBAR recovered enough to close near $0.23, signaling that while downside risks remain, short-term support is holding for now. 🌈
Technical Indicators Analysis
- Token declined 3% from opening price of $0.24 to closing price of $0.23 over 23-hour institutional selling period. 🚪
- Trading range of $0.01 represents 4% spread between absolute session high and low. 🧮
- Resistance level established around $0.24 where institutional buying interest diminished significantly. 💸
- Support level emerged near $0.23 with retail buying providing technical floor. 🕵️♂️
- Elevated volume of 85.82 million during final hours confirms institutional distribution patterns. 🚀
- Volume exceeded 3.8 million during peak selling period between 13:45-14:06 indicating coordinated liquidation. 🏆
- Final 14 minutes showed technical recovery from $0.23 support level suggesting retail buying interest. 🌈
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2025-08-20 19:38