HBAR Slides 3% as Selling Pressure Intensifies, Finds Support at $0.24

HBAR faced steady downward pressure over the past 23 hours, sliding from $0.25 to $0.24—a 3.38% decline. The token initially attempted to build momentum on September 18, reaching $0.25 by 20:00, but sellers quickly overwhelmed demand near that resistance level. Trading activity spiked at 19:00 with volumes topping 55.91 million, underscoring the intensity of selling. By late evening, HBAR broke below key support zones at $0.25 and $0.24, testing the lower boundary before finding temporary stability. The retracement highlights fragile sentiment in the short term, with bears maintaining control as buyers failed to defend critical thresholds. The inability to reclaim lost ground indicates that market participants remain cautious, though consolidation near $0.24 suggests some stabilization. If the level continues to hold, traders may view it as a base for potential sideways movement before a clearer directional trend emerges. Broader market factors continue to shape HBAR’s outlook. While its energy-efficient Hashgraph technology is often cited as a competitive advantage over traditional blockchains, trading volumes still lag peers like Solana. Still, institutional endorsements from Google, IBM, and Boeing offer a degree of…