HBAR Tumbles 2% as Wyoming Stablecoin Win Fails to Halt Selloff

Hedera’s HBAR token staged an early rally but ended Thursday’s session battered, as heavy sell pressure erased gains and broke through critical technical levels. The token climbed 6% from $0.21 to $0.22 in the 23 hours leading up to 14:00 UTC on Sept. 5, establishing a modest $0.013 trading range. However, the move quickly soured as sellers emerged into surging volumes, which doubled the 24-hour average to 77.6 million tokens.The reversal came swiftly in the final hour of trading. Between 13:26 and 14:25 UTC, HBAR slipped back to $0.22, breaking through a key support level at 14:16. That move triggered a cascade of stop-loss orders and an acceleration of institutional liquidations. Within two minutes, volume spiked to 6 million tokens—triple…