HBAR Price Jumps 3.85% Amid Volatility as Institutional Investors Buy

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Bullish

HBAR Price Jumps 3.85% Amid Volatility as Institutional Investors Buy

HBAR experienced significant price volatility over a 23-hour period from September 22 at 15:00 to September 23 at 14:00, with the cryptocurrency trading between $0.217129 and $0.225507. The session began with a sharp price decline to $0.217408 before substantial buying pressure reversed the trend.

Strong support at the $0.217129 level fueled the recovery as trading volume increased significantly. Buyers subsequently drove HBAR to a high near $0.225507, though resistance around $0.224358 limited additional gains. HBAR concluded the session at $0.222759, representing a 2.5% recovery from its lowest point and positioning above the range midpoint, indicating bullish sentiment for future trading.

The final hour of trading reinforced positive momentum. HBAR recorded a slight 0.06% gain during the 60-minute window ending September 23 at 14:08, trading within a tight 0.40% range between $0.2221 and $0.2230. This price consolidation demonstrated underlying market strength as values remained consistently above the session's midpoint.

Volume spikes during this period highlighted intense market activity. A trading surge at 13:27 reached 881,924 tokens, followed by a notable increase to 1.58 million tokens just before 14:00. These volume surges helped maintain support at $0.2221 while $0.2230 served as resistance. The sustained demand pattern suggested accumulation rather than market exhaustion.

The late-session performance extended HBAR's broader 23-hour recovery trend. Bullish traders maintained control with solid support levels holding firm and prices closing near the upper trading range. The consistent buying pressure indicates continuing bullish momentum, keeping market observers watchful for a potential breakout above short-term resistance levels.

HBAR/USD Price Chart (TradingView)

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