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Hedera's HBAR token dropped 4% between Aug. 31 and Sept. 1 due to institutional selling pressure, with over 110 million tokens traded during after-hours. Market makers tried to stabilize the price around $0.21-$0.22, but resistance at $0.22 capped any recovery. Daily trading volume fell 46% to $172.85 million, but Hedera maintains a market capitalization near $9.5 billion.
Hedera's native token, HBAR, experienced a significant drop of 4% between Aug. 31 and Sept. 1, driven by intense institutional selling pressure. During the after-hours trading session on Sept. 1, more than 110 million tokens were traded, indicating substantial coordinated divestment by institutional investors [1]. This selling pressure pushed the token's price to slip around 4%, with support levels identified near $0.21-$0.22 and resistance around $0.22-$0.23. Market makers attempted to stabilize the price within this range, but resistance at $0.22 hindered any meaningful recovery [1].
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