What You Should Know:

• HBAR saw a 5% decrease from September 14 to 15, dropping from $0.24 to $0.23 due to significant corporate selling.
• Trading volumes surged to 126.38 million tokens on September 15, nearly tripling normal activity, indicating large-scale portfolio rebalancing.
• Recovery attempts failed as buyers encountered resistance at $0.24 before retreating, with $0.23 established as crucial support.

Hedera’s HBAR token faced a notable decline of 5% during a volatile 24-hour period from September 14 to 15, falling from $0.24 to $0.23. This fluctuation, linked to significant institutional activity, resulted from extensive corporate selling, particularly evident between 07:00 and 08:00 UTC on September 15.

Institutional trading surged during this period as 126 million tokens exchanged hands shortly after the opening, a sharp increase attributed to portfolio rebalancing amid rising regulatory pressures.

Recovery Efforts

In the final trading hour, corporate buyers tested the $0.24 price level but faced setbacks, causing HBAR to settle back to $0.23. This reflects ongoing challenges for the token in resisting institutional sell-offs.

Analysts note that the previous threshold of $0.24, now acting as resistance, and the recent spike in trading volumes suggest that institutional players are preparing their positions for upcoming regulatory adjustments.