Key Points

• Institutional selling has pushed HBAR lower, with over 110 million tokens sold during after-hours trading, resulting in a 4% drop between August 31 and September 1.
• Support levels are found between $0.21 and $0.22, with resistance near $0.22 to $0.23, limiting recovery efforts.

Market Overview

Hedera’s HBAR token experienced renewed selling pressure from institutional investors, leading to a drop of nearly 4% from August 31 to September 1. Trading was heavy around the $0.22 mark, fluctuating between highs of $0.23 and lows at $0.22.

Most sales occurred overnight, with more than 110 million tokens changing hands, indicating coordinated selling actions. Efforts by market makers to stabilize prices around $0.21 to $0.22 faced resistance just above $0.22, hindering effective recovery.

Despite these challenges, Hedera continues to emphasize its role as an enterprise platform, maintaining a daily trading volume of $172.85 million and a near $9.5 billion market cap despite a 46% drop in volume.

Further selling pressure was noted during the last hour of trading on September 1, with significant activity, including 3.5 million tokens exchanged in a single minute as the token dipped below the $0.22 resistance, closing near the session’s lows. The market signals suggest that further institutional repositioning may continue.