HBAR cryptocurrency displayed significant bullish momentum over the past 24 hours, climbing from $0.22 to $0.23 between October 5-6 while experiencing 5.47% intraday volatility.
The digital asset rebounded from support near $0.21 to reach highs above $0.23, fueled by substantial buying pressure that drove trading volume beyond 70 million during peak activity periods.
HBAR gained approximately 3% during the daily session, extending its upward movement as the U.S. government shutdown increased investor interest in alternative assets.
Trading volume jumped to nearly 55 million, significantly exceeding the 39.85 million daily average, indicating renewed market engagement and positive sentiment toward HBAR's near-term price direction.
Additional upward momentum was observed in the final trading hour, with a 0.46% increase pushing HBAR to $0.23 despite traditional stock markets facing pressure from ongoing trade tensions.
Technical Analysis Points to Continued Strength
- HBAR established strong support at $0.21 during October 5 evening trading with substantial volume confirmation
- Trading volume of 54.99 million surpassed the 24-hour average of 39.85 million throughout the recovery phase
- The cryptocurrency maintained consistent upward momentum through multiple resistance levels, notably breaking through $0.22 and $0.23 price points
- Robust volume participation exceeded 43 million during critical breakout sessions
- Final hour volume decreased to 5.56 million, suggesting consolidation near the $0.23 peak
- The concluding hour featured two distinct phases: initial consolidation around $0.23 support followed by a decisive breakout beginning at 13:37
- Volume surged to 2.87 million during the breakout, driving price through multiple resistance levels including $0.23
- HBAR reached its session high of $0.23 with sustained volume above 1.75 million between 13:57-14:06