HBAR saw sharp selling pressure in the final hour of trading on Sept. 16, erasing earlier gains. The token slipped from $0.237 to $0.235 between 13:15 and 14:14 UTC, a 1.05% decline, after hitting an intraday high of $0.2385. The move marked a reversal from the preceding 23-hour stretch, when HBAR had climbed steadily from $0.23 to $0.24. The late-session selloff was accompanied by a spike in trading activity, particularly between 13:45 and 13:51 UTC, when volumes surged past 5.6 million — nearly double the baseline for the session. The pattern suggests institutional distribution, as the cryptocurrency broke through successive support levels at $0.237, $0.236, and ultimately $0.235. Failure to recover above these levels left momentum deteriorating into the close. Despite the abrupt reversal, HBAR’s broader 23-hour performance reflected underlying resilience. The token advanced roughly 1% during that period, trading within a wide range of $0.231 to $0.239 and showing strong buying activity earlier on Sept. 16. However, the inability to sustain higher levels in the face of concentrated sell pressure underscores the fragility of recent bullish sentiment. Technical Indicators Display Mixed Market Signals HBAR navigated within a $0.01 range spanning $0.23 floor and $0.24 ceiling, delivering a 3% total fluctuation. Key resistance materialized at the $0.24 threshold where price reversed on elevated volume of 72.03 million during the 13:00 hour. Support established around $0.23-$0.23 zone with multiple successful defense attempts. Volume intensified substantially throughout the decline, particularly during 13:45-13:51 when selling momentum accelerated with volumes surpassing 5.6 million. The technical configuration indicates HBAR sustains bullish momentum with considerable institutional interest demonstrated by above-average volume during key reversal points. 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 .
