HBAR Price Drops Below $0.21 Support Amid Institutional Selling Pressure

Hedera's HBAR token declined nearly 3% over 24 hours ending September 30, falling from $0.22 to $0.21 as institutional investors reduced exposure to enterprise-focused cryptocurrencies. The drop occurred after HBAR faced resistance at $0.22 during September 29 evening trading, with volumes exceeding 34 million tokens as corporate holders took profits. Market analysts noted support around $0.21 held through the morning of September 30, but heavy afternoon selling pushed volumes significantly higher, peaking at nearly 55 million tokens in the final trading hour. The movement reflects increasing caution among corporate treasuries amid evolving regulatory frameworks for enterprise blockchain adoption. HBAR briefly recovered in late afternoon before retreating to intraday lows near $0.21. Elevated trading activity during the final hour—surpassing 5.9 million tokens in a single interval—highlighted institutional rebalancing intensity. The token ended with modest stabilization around $0.21, though analysts warn continued volatility may persist as corporate strategies adapt to regulatory changes. Market Analysis: • Resistance formed at $0.22 during September 29 evening trading with institutional profit-taking • Support zone identified between $0.21-$0.21 with corporate buying opportunities • Volume surge to 54.88 million tokens indicating accelerated institutional risk management • Extraordinary trading activity reaching 5.90 million tokens in single intervals • Break below support suggests potential continued corporate de-risking • Price stabilization efforts near $0.21 with sustained institutional volumes