Hedera Hashgraph’s HBAR token faced heavy selling pressure during a volatile 23-hour stretch between August 19 at 15:00 and August 20 at 14:00, sliding 3% from $0.24 to $0.23. The token traded within a tight $0.01 band, marking a 4% spread between its session high and low, as traders adjusted exposure across alternative digital assets. Analysts highlighted the $0.24 level as a key point of resistance, where buying momentum faded and downward pressure intensified.The most pronounced activity came during the final hour of trading on August 20, when volumes surged to 85.82 million HBAR. Market observers noted that the token tumbled to $0.23 before staging a modest recovery into the close, a pattern that underscored the elevated volatility. The heavy turnover during this window suggests sellers were dominant, creating short-term weakness and testing key support levels.Between 13:45 and 14:06, more than 3.8 million tokens changed hands, coinciding with the sharpest part of the decline. Prices briefly dipped to session lows before bouncing, as buying interest re-emerged to stabilize the market. By the final minutes, HBAR recovered enough to close near $0.23, signaling that while downside risks remain, short-term support is holding for now.Technical Indicators AnalysisToken declined 3% from opening price of $0.24 to closing price of $0.23 over 23-hour institutional selling period.Trading range of $0.01 represents 4% spread between absolute session high and low.Resistance level established around $0.24 where institutional buying interest diminished significantly.Support level emerged near $0.23 with retail buying providing technical floor.Elevated volume of 85.82 million during final hours confirms institutional distribution patterns.Volume exceeded 3.8 million during peak selling period between 13:45-14:06 indicating coordinated liquidation.Final 14 minutes showed technical recovery from $0.23 support level suggesting retail buying interest.Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.Hedera Hashgraph’s HBAR token faced heavy selling pressure during a volatile 23-hour stretch between August 19 at 15:00 and August 20 at 14:00, sliding 3% from $0.24 to $0.23. The token traded within a tight $0.01 band, marking a 4% spread between its session high and low, as traders adjusted exposure across alternative digital assets. Analysts highlighted the $0.24 level as a key point of resistance, where buying momentum faded and downward pressure intensified.The most pronounced activity came during the final hour of trading on August 20, when volumes surged to 85.82 million HBAR. Market observers noted that the token tumbled to $0.23 before staging a modest recovery into the close, a pattern that underscored the elevated volatility. The heavy turnover during this window suggests sellers were dominant, creating short-term weakness and testing key support levels.Between 13:45 and 14:06, more than 3.8 million tokens changed hands, coinciding with the sharpest part of the decline. Prices briefly dipped to session lows before bouncing, as buying interest re-emerged to stabilize the market. By the final minutes, HBAR recovered enough to close near $0.23, signaling that while downside risks remain, short-term support is holding for now.Technical Indicators AnalysisToken declined 3% from opening price of $0.24 to closing price of $0.23 over 23-hour institutional selling period.Trading range of $0.01 represents 4% spread between absolute session high and low.Resistance level established around $0.24 where institutional buying interest diminished significantly.Support level emerged near $0.23 with retail buying providing technical floor.Elevated volume of 85.82 million during final hours confirms institutional distribution patterns.Volume exceeded 3.8 million during peak selling period between 13:45-14:06 indicating coordinated liquidation.Final 14 minutes showed technical recovery from $0.23 support level suggesting retail buying interest.Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

                                                                               Powell said the Federal Open Market Committee is weighing interest rates on a meeting-by-meeting basis, with no long-term consensus.                     US Federal Reserve Chair Jerome Powell said the 19 members of the Federal Open Market Committee (FOMC) remain divided on additional interest rate cuts in 2025.At Wednesday’s press conference after the Fed’s 25-basis-point rate cut, Powell said the central bank is trying to balance its dual mandate of maximum employment and price stability in an unusual environment where the labor market is weakening even as inflation remains elevated. Powell said:Powell said that the “median” FOMC projection from the Federal Reserve’s Summary of Economic Projections (SEP), the Fed’s quarterly outlook for the US economy that informs interest rate decisions, projected interest rates at 3.6% at the end of 2025, 3.4% by the end of 2026, and 3.1% at the end of 2027.Read more