HBAR Slumps 4% as Technical Breakdown Triggers Heavy Selling

HBAR suffered a sharp downturn over the past 24 hours, sliding 4.32% from $0.22 to $0.21 between September 3 at 15:00 and September 4 at 14:00. Selling pressure intensified as resistance at $0.222 capped attempts at recovery, leading to a breakdown below the $0.212–$0.214 support zone. The move was accompanied by heightened volatility, with a $0.011 trading range reflecting a 4.93% swing. Volume peaked dramatically at 179.34 million during the 13:00 hour, a sign of capitulation as sellers overwhelmed buyers. Trading turned particularly volatile between 13:30 and 14:29 on September 4, when HBAR briefly spiked from $0.213 to $0.216 on a 42.37 million volume surge. The uptick was short-lived, however, as profit-taking quickly erased gains, sending the token back to $0.213. A new trading range formed between $0.212 and $0.214, with elevated activity sustaining 3–8 million volume per minute until 14:10. Stabilization emerged into the session close, with HBAR settling near $0.213 as volumes tapered off. The combination of technical breakdowns and macro-driven selling has underscored market fragility, even in the face of regulatory progress for Hedera. Traders now watch for signs of stabilization before considering long positions, with the $0.212–$0.214 zone a critical area for price action in the near term. Charts Flash Red as Bears Seize Control Resistance holds firm at $0.222 during early trading session. Downtrend intensifies with accelerating selling pressure into close. Support emerges at $0.212-$0.214 before critical breakdown. Support failure signals deeper correction ahead for bulls. Volume spikes to 179.34 million at 13:00 marking capitulation phase. Single-minute volume explosion hits 42.37 million at 13:50 intraday peak. Range-bound action develops between $0.212-$0.214 after profit-taking wave. Sustained volume averages 3-8 million per minute through 14:10 session. Price stabilizes near $0.213 as volume contracts toward period end. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy .