HBAR cryptocurrency faced significant selling pressure between September 21-22, declining 6.29% from $0.24 to $0.22 amid elevated volatility. Trading ranges expanded to 9.7%, substantially exceeding monthly averages as institutional sellers dominated market activity.
The selloff intensified at midnight on September 22 with volume surging to 137.11 million HBAR tokens—nearly triple the daily average. This volume spike marked the peak of downward momentum as crypto market sentiment deteriorated broadly. HBAR found temporary support around $0.22, indicating potential short-term holder capitulation.
A notable recovery occurred in the final trading hour as bullish momentum returned, pushing HBAR from $0.2197 to $0.2222. The breakout above $0.22 resistance was fueled by a rapid 6.21 million volume surge within minutes, creating a brief rally toward session highs near $0.2225 before volumes collapsed to zero in the final three minutes.
HBAR Technical Analysis Highlights
- 6% price decline from $0.24 to $0.22 over 23-hour trading period
- Volume explosion to 137.11 million at September 22 midnight
- Strong resistance established at $0.24 level with sharp reversals
- 1% recovery rally in final 60 minutes of trading session
- Breakout above $0.22 resistance with 6.21 million volume surge
- Zero volume in final minutes indicating temporary equilibrium
HBAR's volatile performance demonstrates cryptocurrency markets' sensitivity to institutional flows and sentiment-driven price action. The session highlighted how rapid liquidity shifts can transform bearish pressure into opportunistic buying opportunities.