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Ethereum Foundation to sell 1000 ETH to fund R&D and grants

by admin October 4, 2025

The Ethereum Foundation will sell 1,000 ETH and use the funds to support initiatives such as research, grants, and donations.

Summary

Ethereum Foundation plans to convert 1,000 ETH into stablecoins via CoWSwap.
The non-profit entity, which supports the Ethereum ecosystem’s development, will use the funds on research and development, grants and donations.
EF also announced the conversion of 10,000 ETH into stablecoins for the same reasons in early September.

The Ethereum Foundation revealed this via a post on X, noting that it will convert the 1,000 Ether into stablecoins.

As has happened before, the foundation, a non-profit that supports the Ethereum protocol’s development, plans to use these funds to bolster the network via research and development as well as issuing grants and donations.

The sale comes as the price of Ethereum (ETH) edges towards a new all-time high following an intraday spike to near $4,600 on Oct. 3.

In its announcement, the Ethereum Foundation said the sale will involve the conversion of the 1,000 ETH to stablecoins, with this completed via CoWSwap. It will leverage CoW Protocol’s TWAP feature, aimed at minimizing the potential impact of the sale on market prices. EF says the move is part of the broader goal to highlight the power of decentralized finance.

At current ETH price of $4,517, the sale would be valued at around $4.51 million.

EF planned to sell 10,000 ETH

In September, the Ethereum Foundation announced a sale of 10,000 ETH, at the time valued at around $43 million. The latest announcement aligns with that move, with the non-profit saying it would convert the Ether into stablecoins “over several weeks.”

At the time, EF said the planned sale would be in small chunks or orders.

The foundation has been one of the most aggressive ETH sellers as the top altcoin withered under pressure in 2024. However, it has justified its actions amid several notable ecosystem support programs. Recently, it paused all open grant applications, citing a reorganization of its process amid a fresh approach and strategy.

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October 4, 2025 0 comments

Game Updates

GTA 5’s Stars Sell You On ROG Xbox Ally Handhelds

by admin September 28, 2025

To promote preorders for the ROG Xbox Ally and Xbox Ally X, Asus looked to one of the most popular video games of all time: Grand Theft Auto V. Michael De Santa actor Ned Luke and Franklin Clinton actor Shawn Fonteno appear in a new social media ad talking about the upcoming portable PC devices.

“It’s handheld freedom for everybody,” says Fonteno in the clip posted on X by Asus. “You know you gotta have an ally, and Xbox picked the right Ally,” adds Luke. Microsoft and Asus finally revealed the price points for the two PC portable devices yesterday. The ROG Xbox Ally will cost $600 in the US, while the Xbox Ally X will cost $1,000. Both handhelds will launch October 16.

The base model ROG Xbox Ally has drawn comparisons to the Steam Deck OLED from a specs perspective, featuring an AMD Ryzen Z2 A processor (Zen 4), 16GB of DDR5 RAM, and a 512GB SSD. Meanwhile, the premium Xbox Ally X has an AMD Ryzen AI Z2 Extreme processor (Zen 5), 24GB DDR5 RAM, and a 1TB SSD. In June, GameSpot got hands-on time with the Xbox Ally X.

Asus announced that the GTA V stars would “help get folks aboard the ROG Xbox Ally hype train” last month. Previously, the company has worked with GTA V star Steven Ogg (Trevor Philips), too.

Earlier this month, Microsoft revealed that it was raising Xbox prices once again in the US. Starting October 3, the Xbox Series S will retail for $400 (up from $380), while the Xbox Series X 1TB will cost $650 (up from $600).

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September 28, 2025 0 comments

Crypto Trends

Bullish Divergences Push BTC to $113K As Whales Sell Supply

by admin September 24, 2025

Key takeaways:

Bitcoin bounced to $113,900 after testing weekly lows, fueled by bullish divergences.
Whale-sized entities have sold 147,000 BTC since August, signaling supply pressure.
Bitcoin options implied volatility hit multi-year lows, hinting at a potential explosive move.

Bitcoin (BTC) staged a swift recovery to $113,900 on Wednesday after sweeping below Monday’s low of $111,500 and briefly testing the $111,000 mark on Binance during the Asia trading session. The bounce signaled an early attempt at mid-week recovery, supported by emerging bullish signals on the charts.

Bitcoin six-hour chart. Source: Cointelegraph/TradingView

One of the key drivers behind the rebound is the bullish divergence between the relative strength index (RSI) and the BTC price on the one-hour and four-hour charts. A bullish divergence occurs when the price registers lower lows while the RSI forms higher lows, often indicating a waning bearish momentum and potential for a reversal.

The recovery also coincided with Bitcoin retesting its daily order block, providing a technical base for a possible push toward $115,000. Still, stronger confirmation is needed.

A four-hour candle close above $113,400 would signal a clear shift from bearish to bullish structure. Additionally, reclaiming the 200-period exponential moving average (EMA) on the four-hour chart would reinforce positive momentum.

Bitcoin bullish divergence analysis. Source: Cointelegraph/TradingView

Crypto traders offered mixed reactions to the move. MN Capital founder Michaël van de Poppe noted the strength of the rebound, stating,

“Good sweep of the lows for Bitcoin and it holds up. Breaking the 4H 20 EMA would be great for upwards momentum. Strong bounce.”

Crypto trader Crypto Chase cautioned that Bitcoin must reclaim the $113,400 to $114,000 range with conviction, or else the recent gains could unravel, sending BTC back toward $107,000.

Related: Bitcoin Bollinger Bands tighter than ever as trader eyes $107K ‘max pain’

Big Bitcoin holders trim positions as implied volatility hits a two-year low

While Bitcoin’s short-term recovery is gaining traction, broader onchain trends reveal diverging signals. Earlier, Cointelegraph reported that whale entities holding 1,000 BTC or more have sold off roughly 147,000 BTC, worth $16.5 billion, since Bitcoin’s all-time high above $124,500 in August.

The 2.7% reduction in holdings highlighted sustained selling pressure from large investors, often interpreted as a headwind for price recovery.

Yet, other market indicators suggest the broader environment remained unusually quiet rather than decisively bearish. XWIN Research pointed out that Bitcoin’s implied volatility has dropped to its lowest levels since October 2023, a period that preceded a 325% rally from $29,000 to $124,000 for BTC.

Bitcoin Volmex Implied Volatility one-week chart. Source: Cointelegraph/TradingView

The analysis described the current setup as a potential “quiet before the storm,” where low volatility and muted trader positioning may be storing momentum for a decisive move.

Supporting this view, CryptoQuant data underscored exchange reserves hovering at multi-year lows, leaving fewer coins available for selling. Meanwhile, Bitcoin’s Market Value to Realized Value (MVRV) ratio sits near the neutral zone, implying limited pressure for either panic-selling or aggressive profit-taking.

Together, these factors painted a market caught between whale-driven distribution and a structural backdrop of tightening supply.

Related: Bitcoin bull cycle enters ‘late phase’ as profit-taking metrics spike

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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September 24, 2025 0 comments

Esports

Thieves steal ancient Pharaoh’s bracelet in Cairo museum heist, sell it for just $4K

by admin September 22, 2025

An ancient Egyptian bracelet once belonging to Pharaoh Amenemope has been stolen from Cairo’s Egyptian Museum and melted down, authorities revealed.

The gold bracelet, dating back 3,000 years, was taken on September 9 from the museum’s restoration lab while officials prepared artifacts for an exhibition in Italy.

The piece, a simple gold band adorned with a lapis lazuli bead, was part of the collection of Amenemope, a pharaoh of Egypt’s 21st Dynasty who ruled from Tanis in the Nile Delta.

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Tourism and Antiquities Minister Sherif Fathy said the lab where it was stolen lacked security cameras, leaving the priceless item vulnerable.

Pharoh’s 3,000-year-old bracelet stolen

Authorities say the bracelet passed through several hands before being destroyed after the museum heist. A restoration specialist at the museum confessed to giving the artifact to a contact who owned a silver shop in Cairo’s Sayyeda Zainab district.

From there, it was sold for around $3,800 to a gold workshop, and later resold for about $4,000 to another jeweler who melted it down to make other pieces of jewelry.

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Egyptian Ministry of Tourism and AntiquitiesThe priceless bracelet was melted down after being sold.

Security camera footage released by the ministry shows one suspect presenting the bracelet at a shop, weighing it, and being paid for it.

Four suspects have been arrested, including the museum restoration specialist. They reportedly confessed to their roles in the heist. The money earned from the sale has been seized, though the artifact itself is gone.

Amenemope’s tomb was discovered in 1940 by French Egyptologist Pierre Montet and forms part of the museum’s Tanis collection, which includes thousands of objects such as gold funerary masks and silver coffins.

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Under Egyptian law, stealing an artifact with intent to smuggle it can carry a life sentence and fines up to $100,000, according to AFP. Authorities have not yet announced specific charges against those involved.

The loss of the bracelet has sparked outrage among Egyptologists and historians, who consider it an irreplaceable part of the country’s cultural heritage.

This isn’t the only museum heist to make headlines. Back in 2024, at least four employees at the Van Gogh Museum were suspended after it was discovered that they reportedly stole Pokemon cards during the popular exhibition.

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September 22, 2025 0 comments

Every game a platform? Pitfalls and opportunities in the gold rush for user-generated content

Esports

Epic Games to allow Fortnite developers to sell in-game items

by admin September 20, 2025

From December, Fortnite creators will be able to sell items directly from their Fortnite islands.

Epic Games announced the new in-game sales feature on September 18, 2025, revealing that creators will be able to create and sell “digital durable and consumable items they build for their games,” using Verse-based API and new UEFN tools. They can’t, however, sell physical items, such as t-shirts.

While developers will “ordinarily” earn 50% of the V-Bucks value from item sales, from December 2025 until December 2026, the rate will be 100%.

However, that doesn’t mean they’ll creators will earn 100% of sales revenue.

In the press release announcing this new sales feature, Epic Games explained how the share of in-game sales is distributed to creators.

“In recent years, Epic has been investing and operating the business at a loss”

Epic Games

To determine the V-Bucks value in US dollars in a given month, the company totals all customer real-money spending on V-Bucks (converted to US dollars) and then subtracts platform and store fees. These can range from 12% on the Epic Game Store to 30% on current consoles. Epic Games then divides this by the total V-Bucks spent by Fortnite players.

Fortnite’s average platform and store fees are currently 26%, Epic Games said, with “specific fees” ranging from 12% to 30% on consoles.

So, from December 2025 to December 2026, the 100% V-Bucks value creators will earn will translate to a roughly 74% cut of in-game sales.

From January 1, 2027, however, that amount will drop by half, a 50% V-Bucks value equating to a roughly 37% cut of in-game sales for creators.

Epic Games said the other 50% enables the company “to cover the costs of servicing the Fortnite ecosystem.”

“The funds that don’t go back to creators contribute to server hosting costs, safety, and moderation costs, R&D and other operating expenses,” Epic Games said. “In recent years, Epic has been investing and operating the business at a loss.”

The V-Bucks value from in-game item sales will be 100% until the end of 2026 | Image credit: Epic Games

In addition, Epic Games is updating its engagement payout formula, which issues payouts to creators based on engagement in their islands, to “better reward creators for bringing in new or reengaging lapsed players in Fortnite.”

The current payout formula adds 40% of the net revenue from Fortnite’s Item Shop and related real-money purchases into the engagement pool, which is distributed among creators’ and Epic’s islands.

But, from November 1, 2025, Fortnite creators “that bring in new or lapsed players” will receive 75% of those players’ contributions to the engagement payout pool for their first six months.

To identify players and islands that fall under this banner, Epic Games will factor in “signals from direct links, in-game search usage, and first-day playtime patterns.”

Epic Games is also changing the retention component of these engagement payouts, now rewarding “island-specific retention, rather than ecosystem-wide retention” to “better align with creators’ own efforts in growing this metric.”

However, to combat fraudulent engagement, this engagement payout formula will only consider players who have made purchases on their accounts.

“Since UEFN launched, players have spent over 11.2 billion hours across 260,000 live creator-made islands”

Epic Games

Epic Games has said this will “not reduce the total engagement payout pool,” it instead “shifts the calculation” so that the playtime of non-payers isn’t considered.

As such, the engagement payout formula now covers minutes played, new user acquisition, lapsed user acquisition, playtime surrounding V-Bucks spend, and island retention.

Epic Games is also introducing a “prominent” Sponsored Row in Discover on November 24 2025, so that “creators can choose to spend money to receive increased visibility for their islands.”

“All creators will have transparent market data to bid for placement in the row and enter an auction to surface islands in the new Sponsored Row,” Epic Games said. “All other rows in Discover will remain unchanged, continuing to provide organic visibility to islands.”

In the “long-term,” 50% of revenue from sponsorship generated by this feature will go into the engagement payout pool, but from launch until the end of 2026, 100% will enter the pool.

Other creator-focused additions coming to Fortnite include the ability for creators to set up campaigns in the creator portal, starting November 17, 2025, and the launch of Fortnite Creator Communities “in the next few months,” allowing creators to connect and share updates with their players.

“Since UEFN launched, players have spent over 11.2 billion hours across 260,000 live creator-made islands, which has resulted in $722,000,000 paid out to date,” Epic Games said.

“We’ll continue investing in new tools that unlock more development possibilities for creators.”

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September 20, 2025 0 comments

Game Reviews

Fortnite creators will soon be able to sell in-game items to make more money, but are Creative Mode offerings like Steal A Brainrot what players want?

by admin September 18, 2025

Epic will soon allow Fortnite developers to sell in-game items from their Fortnite islands, allowing creators to make more money.

This will begin in December 2025, and for the first year developers will earn 100 percent of the V-Bucks value from sales – usually this is at 50 percent.

The news comes as Fortnite’s Creative Mode of fan-made content is proving exceptionally popular – recently, the Fortnite version of Roblox meme game Steal A Brainrot had more concurrent players than Epic’s official maps.

The Power of Megazord | Fortnite Battle Royale Gameplay TrailerWatch on YouTube

Fortnite’s Creative Mode first launched back in 2018, and allows players to create their own maps and modes. Epic then offers a payout based on engagement – last year it paid out $325m to creators, with seven receiving over $10m.

Since Creative Mode’s release, Epic has revealed, players have spent over 11.2bn hours across 260,000 creator-made islands, resulting in $722,000,000 paid to creators.

The amount of money creators will make in Fortnite is only going to increase when they’re able to sell in-game items directly from their islands, in addition to receiving an engagement payout from Fortnite’s item shop sales.

Epic has a formula for calculating the V-Bucks value in US dollars each month, which takes all real-money spending towards V-Bucks (in dollars), subtracting platform and store fees, and dividing by total V-Bucks spent. With creators usually earning 50 percent of V-Bucks value from sales, this equates to 37 percent of retail spending. Roblox offers 25 percent, by way of comparison.

In addition, Epic will add a Sponsored Row to Fortnite’s Discover, meaning creators can pay for increased visibility by bidding for placement in the row. That’s a further investment in generating more in-game sales.

Epic has also announced Fortnite Creator Communities, to allow creators to share updates directly with players on the web and within Fortnite. Creator posts will be text and image-based and allow for sharing information and gathering feedback – much like on Steam.

Image credit: Epic

But despite the huge success of creator islands, is this really what Fortnite players want?

Take Steal A Brainrot. It’s proven to be a phenomenal success – as Dexerto reported, it had 24 million players in a single day across both Roblox and Fortnite versions. While the Roblox version peaked at 23.4 million players in a day, Fortnite’s version contributed 542,000. That vastly outweighs Fortnite’s primary Battle Royale modes that generate around 100,000 players during peak weekend play.

“They are promoting AI slop, copy and paste creative maps more than their own BR season,” wrote one player on reddit. “This is going to prove to be extremely unhealthy for the game in general I believe, and with the already low player counts this season Epic needs to do something to steer back to the basics, this metaverse stuff has RUINED Fortnite. This game has become a corporate shell of what it once was and I believe the remainder of this year will very much so make or break Fortnite as a whole.”

“Stuff like this cluttering the overview makes me disinterested in random creative maps. Those who put genuine effort into their maps often get hardly any attention,” wrote a user on a separate reddit post. Others point to the casual nature of user-made maps, as well as the high XP offered, as reasons for players to flock over.

Still, this new update for Fortnite creators is further shifting the game away from its Battle Royale roots into a Roblox-rivalling metaverse.

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September 18, 2025 0 comments

Product Reviews

Epic will let Fortnite creators sell in-game items in latest attempt to compete with Roblox

by admin September 18, 2025

Creators building experiences in Fortnite are getting a new way to earn revenue. Epic says developers will soon have the ability to make and sell in-game items in Fortnite, and earn a cut of the V-Bucks users spend to buy them. Previously, developers only earned money through Fortnite based on the amount of time users spent on their “islands,” the in-game name for third-party experiences creators can offer through Fortnite.

Developers will be able to create their consumable and durable in-game items using soon-to-be-released tools in Unreal Editor for Fortnite and a new “Verse-based API,” according to Epic. The company also plans to be generous with the revenue split its offering, at least at first. Developers “will ordinarily earn 50 percent of the V-Bucks value from sales in their islands,” but from December 2025 through the end of 2026, they’ll get to keep 100 percent.

Epic says its 50 percent cut — notably more than the 30 percent popularized by Apple’s App Store — is to help “contribute to server hosting costs, safety and moderation costs, R&D and other operating expenses” of running Fortnite. It’s also a make-good of sorts, since Epic claims it’s been “investing and operating the business at a loss.”

How much 100 percent or 50 percent of “V-Bucks value” actually equals in real money unfortunately isn’t as simple as converting Fortnite’s digital currency to dollars, though. Epic offers the following explanation for how it calculates V-Bucks value:

To determine the V-Bucks value in US dollars in a given month, we take all customer real-money spending to purchase V-Bucks (converted to US Dollars), subtract platform and store fees (ranging from 12 percent on Epic Games Store to 30 percent on current consoles), and divide it by the total V-Bucks spent by players. Fortnite’s average platform and store fees are currently 26 percent (with specific fees ranging from 12 percent on the Epic Games Store to 30 percent on console platforms). So, 50 percent of V-Bucks value translates to ~37 percent of retail spending, and 100 percent of V-Bucks value translates to ~74 percent.

Alongside the new ability to create in-game items, Epic says Fortnite developers will be able to pay to be featured in a new “Sponsored row” inside Fortnite‘s Discover feed. And to better engage new and returning players, developers are also getting access to new tools for creating community forums and sharing updates on their islands.

All of these changes are in service of further extending Fortnite‘s ability to act as a platform for games and social experiences, rather than just a battle royale game (with racing, rhythm game and LEGO spin-offs). Epic clearly wants Fortnite to be Roblox, and reap the benefits of having an active community of adult and child users creating experiences for its platform. Cultivating that audience has led to all sorts of child safety problems for Roblox, but Epic clearly views the risks to be worth it.

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September 18, 2025 0 comments

NFT Gaming

Sell the News? Bitcoin Market Shrugs Off Fed Moves: Analysis

by admin September 17, 2025

In brief

The Fed delivered a 25bps cut in an 11–1 vote, but markets reacted with little enthusiasm.
Bitcoin slipped 0.69% after briefly touching $117K earlier in the day.
Overall market sentiment remains neutral, though predictors on Myriad lean bullish.

Fed fatigue or was it simply priced in all along? Bitcoin is down a paltry 1% today, currently trading at around $115,500, following the Federal Reserve’s widely telegraphed quarter-point rate cut.

The crypto market appears a bit gassed, but if anything, today’s relatively small drop in prices could be interpreted as a classic “buy the rumor, sell the news” event.

The Federal Open Market Committee lowered its benchmark overnight lending rate by a quarter percentage point in an 11-to-1 vote, putting the overnight funds rate in a range between 4.00%-4.25%.

Rate cuts are typically bullish for risk assets, and yet markets appeared to have been pricing in this move for weeks and showed little enthusiasm. Bitcoin, for instance, was unable to hold above the psychologically important $117,000 level after briefly touching it today.

The overall crypto market still sits above $4 trillion, though down less than 1% in the last 24 hours, while the average performance of the top 20 cryptocurrencies has slipped 0.43%, according to data from Coinmarketcap. So, no FOMO just yet from the Fed’s easing. The Crypto Fear and Greed Index remains almost perfectly neutral at 51 points, down 6 points from last week’s greedy mood.

Fed Chair Jerome Powell characterized the cut as “risk management” rather than something more directed at shoring up a weak economy, which may explain the market’s lukewarm response. With a 96% chance of a 25 basis point cut already priced in way before the announcement, traders appear to be executing the classic “buy the rumor, sell the news” playbook.

The political drama surrounding the Fed decision added another layer of uncertainty. Newly installed Governor Stephen Miran—a widely recognized pro-Trump economist who advised him during his previous tenure—was the only policymaker voting against the quarter-point move, instead advocating for an even larger half-point cut.

Bitcoin (BTC) price: The consolidation continues

So what can be gleaned from the Bitcoin charts today?

The daily chart for BTC shows a market in limbo, with price action basically trading sideways since June, but with an ever so slightly upwards trajectory.

Bitcoin opened today at $116,836, but dipped to a low of $114,747 immediately after the Fed’s announcement, before bouncing to its current price for a net loss of less than 1% on the day.

Bitcoin price data. Image: Tradingview

The Relative Strength Index, or RSI, for Bitcoin sits at 58 in neutral to bullish territory. RSI measures price momentum on a scale of 0 to 100, where values above 70 indicate overbought conditions and below 30 suggest oversold levels. Bitcoin has gained a bit of momentum since dropping below its average price over the last 50 days of $110,000 back in late August

The Average Directional Index, or ADX, which measures trend strength regardless of direction, for BTC is currently at 18. For traders, this shows that the market is basically neutral—traders are essentially waiting for a catalyst to establish the next major move. (Anything under 25 tells traders that a trend isn’t really in place.)

This typically means range-bound trading will continue until a breakout occurs hitting a new all-time high or breakdown below $104,000, which is the average price of Bitcoin over the last 200 days.

It’s these exponential moving averages, or EMAs, that offer a glimmer of hope.

Until a few days ago, the 50-day EMA (the average price over the last 50 trading days) and the 200-day EMA started to compress, hinting at potentially bearish times. This bounce has been enough to increase the gap, which means Bitcoin is still in a bullish formation. Slow, yes, but bullish nonetheless.

The key question now is whether the Fed’s signal of two more cuts before year-end will be enough to reignite risk appetite, or if concerns about persistent inflation and political interference at the central bank will keep buyers on the sidelines.

Over on Myriad, predictors are bullish. Users on the prediction market, developed by Decrypt’s parent company Dastan, place the odds at 61% that Bitcoin keeps rising and hits $125K before it drops back down to $105K. They also believe there’s an 80% chance Bitcoin stays above $105K throughout the entire month of September.

Key Levels:

Immediate support: $113,700 (EMA50)
Strong support: $108,000 (recent consolidation base visible on chart)
Immediate resistance: $119,000 (recent rejection zone)
Strong resistance: $124,621 (all-time high)

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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September 17, 2025 0 comments

Crypto Trends

Ethereum Price Slips as $1,200,000,000 ETH in Sell Volume Hits Market

by admin September 17, 2025

The Ethereum price is trading in red on the daily time frame. At press time, ETH was trading down 1.92% in the last 24 hours to $4,441, according to CoinMarketCap data.

According to community analyst at CryptoQuant Maartunn, Ethereum recently saw a taker sell volume of $1.2 billion, which has pushed its price lower in the last 24 hours.

Ethereum fell for three consecutive days since a high of $4,768 on Sept. 13 and is now entering a fourth day of dropping, reaching an intraday low of $4,425.

Ethereum price prediction

In a recent CNBC interview, Ethereum-focused MicroStrategy-style company BitMine Chairman Tom Lee predicts that Ethereum might be a beneficiary of the Fed’s rate cut.

HBAR Retreats After Strong Run Amid Late Wave of Sell Pressure

by admin September 16, 2025

HBAR saw sharp selling pressure in the final hour of trading on Sept. 16, erasing earlier gains. The token slipped from $0.237 to $0.235 between 13:15 and 14:14 UTC, a 1.05% decline, after hitting an intraday high of $0.2385. The move marked a reversal from the preceding 23-hour stretch, when HBAR had climbed steadily from $0.23 to $0.24.

The late-session selloff was accompanied by a spike in trading activity, particularly between 13:45 and 13:51 UTC, when volumes surged past 5.6 million — nearly double the baseline for the session. The pattern suggests institutional distribution, as the cryptocurrency broke through successive support levels at $0.237, $0.236, and ultimately $0.235. Failure to recover above these levels left momentum deteriorating into the close.

Despite the abrupt reversal, HBAR’s broader 23-hour performance reflected underlying resilience. The token advanced roughly 1% during that period, trading within a wide range of $0.231 to $0.239 and showing strong buying activity earlier on Sept. 16. However, the inability to sustain higher levels in the face of concentrated sell pressure underscores the fragility of recent bullish sentiment.

Technical Indicators Display Mixed Market Signals

HBAR navigated within a $0.01 range spanning $0.23 floor and $0.24 ceiling, delivering a 3% total fluctuation.
Key resistance materialized at the $0.24 threshold where price reversed on elevated volume of 72.03 million during the 13:00 hour.
Support established around $0.23-$0.23 zone with multiple successful defense attempts.
Volume intensified substantially throughout the decline, particularly during 13:45-13:51 when selling momentum accelerated with volumes surpassing 5.6 million.
The technical configuration indicates HBAR sustains bullish momentum with considerable institutional interest demonstrated by above-average volume during key reversal points.

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.

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September 16, 2025 0 comments