HBAR Falls 6% then Rebounds on 169.5M Token Buy Volume
HBAR experienced a sharp 6% intraday drop from $0.242 to $0.228 on Aug. 25 amid heavy sell-side pressure. A surge in token volume—169.5 million HBAR—at the $0.228 level signaled strong institutional support, stabilizing the price and driving a recovery back toward $0.237. Since then, HBAR has traded in a tight $0.2363–$0.23827 consolidation zone, indicating an accumulation phase. Persistent buy-side interest at $0.2363 underscores firm institutional conviction around key technical levels. Traders will watch for a breakout above the $0.23827 resistance to confirm a broader uptrend. HBAR’s ability to absorb selling and rebound at support highlights potential trading opportunities for both short-term momentum plays and longer-term accumulation. Failure to clear the $0.23827 barrier could result in continued range-bound trading.
Bullish
HBAR’s sharp selloff followed by strong institutional buying suggests a bullish outlook. The 169.5 million token volume at $0.228 formed a robust support level, absorbing sell pressure and triggering a recovery. Price consolidation between $0.2363 and $0.23827 indicates an accumulation phase, often seen before upward moves. Similar dynamics occurred when BTC dips around key supports attracted large buyers, leading to rebounds. If HBAR breaks above the $0.23827 resistance, short-term traders could see further gains. Over the longer term, persistent institutional demand may drive sustained bullish momentum, reinforcing market stability. However, failure to clear resistance could keep the token range-bound. Overall, strong support and accumulation phases point to a bullish bias in both the near and medium term.