Hedera HBAR Retreats After Strong Run Amid Late Wave of Sell Pressure

[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN] Hedera HBAR News - HBAR experienced a sharp reversal during the final trading hour on September 16, erasing earlier gains as sell pressure intensified. The token declined from $0.237 to $0.235 within one hour, marking a 1.05% drop after hitting an intraday high of $0.2385. This pullback contrasted with the preceding 23-hour rally where HBAR climbed steadily from $0.23 to $0.24. Trading volumes surged during the selloff, exceeding 5.6 million between 13:45 and 13:51 UTC—nearly double the session's baseline. The breakdown below key support levels at $0.237, $0.236, and $0.235 signaled institutional distribution. Failure to reclaim these levels left momentum weak at the close. Despite the late-session downturn, HBAR showed resilience earlier in the day, advancing approximately 1% within a wide range of $0.231 to $0.239. The token's inability to sustain higher levels, however, highlighted the fragility of recent bullish sentiment. Technical indicators presented a mixed picture, with HBAR fluctuating within a $0.01 range between $0.23 and $0.24. Resistance at $0.24 proved decisive, triggering a reversal on elevated volume.