HBAR’s last 24 -hour price movements have created a remarkable fluctuation in the markets. In the process between 14 August 15:00 and 15:00 at 14:00, the Token moved between 0.244 and $ 0.259 and made a 6 %difference. The significant volatility and volume increase in the transactions pointed out that the interest of market participants increased.
Intensive purchase and sale pressure
Hbar, in the evening of August 14, with intense sales pressure to $ 0.244 decreased. Shortly after this bottom point recorded around 21:00, a upward movement began. The price reached $ 0.259 with a strong recovery until 08:00 on the morning of August 15th.
The transaction volume in this process rose to 65.56 million and this amount increased well above the 24 -hour averages. Analysts evaluate that increasing transaction volume increases the interest in the market. It was observed that there was a strong level of support in the range of $ 0.248-0,249 and that buyers entered the market at this level.
Technical levels and distribution movements
The resistance level was shaped in the range of $ 0.255–0,256. Due to the condensation of the sellers at this level, a downward movement was observed in prices again. Supporting the rise with the transaction volume pointed out a short -term accumulation process. On the other hand, the commissioning of profit sales on the resistance line caused a limited withdrawal towards $ 0.251.
Experts, prices in the short term in the narrow band can move horizontally, he says. In this period, investors focus on short -term risks and possible consolidation.
Corporate Developments and Market Dynamics
In the wide market dynamics, institutional steps came to the fore. Grayscale, Hbar and Cardano $0.94483 He made potential Spot ETF applications in Delaware. The company, which the company has adopted in crypto financial products in the past, has been reported to have been used in these applications.
Grayscale officials, “ETF applications, crypto assets aim to strengthen institutional access,” he said.
On the other hand, with Binance’s addition to HBAR and Water support to BNB Smart Chain, the interchangeable transactions became more efficient. This change facilitated the transportation of retail investors to HBAR, especially. These developments have led to expectations that corporate interest in the sector could strengthen.
In technical indicators, the price range during the day is 0.015 dollars; It was emphasized that the transaction volume concentrated in support and resistance regions increases market mobility. During the last trading time, especially with a significant price decrease between 13: 35-13: 45, the tendency of institutional distribution was monitored.
As an editor note, some parts of the news were prepared with the support of artificial intelligence and the broadcasting team was reviewed in terms of accuracy. Before making an investment decision, users were advised to follow up -to -date developments.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
