In a significant development for the cryptocurrency market, HBAR has seen a notable uptick of 7% in the past 24 hours, rising from $0.24 to $0.25. This movement has been accompanied by a surge in trading volumes that far exceed the daily averages, indicating a strong interest among traders.
The upward trend was primarily driven by heavy accumulation early in the session, which allowed HBAR to establish a solid support level around $0.23. The momentum intensified between 07:00 and 09:00, with trading volumes peaking at 119 million tokens—almost double the 24-hour average of 67.5 million. This breakout through several resistance zones signals increased institutional activity and strengthens the bullish narrative surrounding HBAR.
Later in the day, HBAR tested resistance levels near $0.25. Although selling pressure emerged, the token managed to hold its ground at this level during the final hour, showcasing resilience and ongoing investor interest. Elevated trading volumes, along with consistent buy-side pressure, position HBAR favorably for potential further gains.
Technical indicators further bolster this bullish outlook. Over a 23-hour period from September 17 to September 18, HBAR demonstrated robust momentum, rising from $0.24 to $0.25, showcasing a range of $0.02 that reflects 7% volatility. A significant surge was recorded at 08:00, where HBAR hit the $0.25 mark before consolidating around this resistance threshold.
As the trading day progressed, HBAR maintained its positive momentum, particularly in the last hour of trading, establishing a defined ascending channel where it repeatedly tested the $0.25 resistance. Institutional buying interest became evident, with volume spikes exceeding 2.50 million tokens during critical breakout attempts around 15:33 and 15:54.
Overall, HBAR’s ability to preserve higher lows during the session confirms the continuation of its uptrend, indicating that the cryptocurrency is well-positioned for potential gains beyond the $0.25 barrier.
