Markets
What’s the lowdown, old sport?
- Well, it appears those sharp-suited financial hawks-they’re called institutional investors, but I call them sharks-decided to go on a bit of a spree, unloading over 110 million tokens in after-hours skulduggery, which knocked a tidy 4% off HBAR’s swagger from August 31 to September 1.
- Support’s hanging out around $0.21-$0.22, while resistance-oh, that pesky resistance-lies just above at $0.22-$0.23, where it’s been giving the bulls quite a headache, like a crossword clue that refuses to be solved.
So, Hedera’s darling, the HBAR token, found itself in a bit of a pickle as those institutional bigwigs decided they’d had enough of holding, and started to offload. The token wobbled from highs of $0.23 down to lows of $0.22, like a drunken sailor on a turbulent sea, with more than 110 million tokens doing the cha-cha during the late-night trading hours-oh, the glamour! Market makers, in their infinite wisdom, tried to keep the show going around $0.21-$0.22, but resistance just sat there like a bored chef waiting for the soufflé to rise-no dice. For the record, despite the gloom and doom, Hedera’s still nurturing its enterprise dreams, with a respectable market cap close to $9.5 billion and a daily volume that dropped a sad 46%, hitting $172.85 million-like a sun-dried prune in the fruit basket.
As if to add insult to injury, things got even brighter – or should I say gloomier – in the final hour on September 1, when more than 3.5 million tokens decided to pass hands faster than a hot potato, pushing the price below support, ending the day at its lowest ebb. Looks like the institutional sharks aren’t done circling, and with flows still negative, the market’s singing a dirge for the near future. Cheers! 🦈📉
Market Structure Analysis Reveals Institutional Repositioning
- Price slipped from $0.22 down to the same-welcome to the 5% rollercoaster-trading ranges bouncing around like a pogo stick on a caffeine binge.
- Over 110 million tokens traded during the wee hours, confirming that the big players are busy rearranging their portfolios as if they were pieces on a chessboard.
- Support levels, those trusty friends, stood at $0.21-$0.22, but attempted recoveries fell flat faster than a soufflé in a thunderstorm.
- Resistance, that stubborn gatekeeper, loomed near $0.22-$0.23, stopping any bullish parade in its tracks.
- Breaks below $0.22? Oh, absolutely, and the sellers kept the market in a perpetual downward dance-call it the institutional tango.
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2025-09-01 20:31