HBAR Price Surge: Strong Volume Pushes Cryptocurrency Toward $0.217 Resistance Level

HBAR demonstrated significant strength during the latest 24-hour trading session, trading within a tight range of $0.2104 to $0.2172. The most substantial price movement occurred late September 28 when HBAR jumped from $0.2139 to $0.2168 with trading volume nearly doubling the daily average. This sharp increase established solid resistance around $0.2172 as trading activity surged to 59.92 million tokens, indicating increased market engagement. Following this upward movement, HBAR entered a consolidation period, stabilizing between $0.2144 and $0.2168 before declining to $0.2131 by midday September 29. The cryptocurrency found consistent support at this level, then recovered to $0.2160, demonstrating sustained buyer interest. Later trading activity showed another bullish push with prices rising from $0.2132 to $0.2164 within one hour, supported by robust volume that maintained upward momentum. This price rally occurs during broader market uncertainty, where digital assets like HBAR are gaining institutional attention. Investors increasingly favor blockchain infrastructure projects such as Hedera as potential hedging instruments amid traditional financial market volatility. Technical Indicators Highlight Bullish Momentum Patterns - HBAR showed strong bullish momentum throughout the 24-hour period from September 28 15:00 to September 29 14:00, climbing from $0.21 to $0.22 representing a 2.37% gain - The total trading range covered $0.01 (2.78%) between the absolute low of $0.21 and high of $0.22 - Significant volume spikes during key breakthrough moments at 22:00 and 13:00 hours supported the continued upward trend despite temporary consolidation phases