HBAR cryptocurrency demonstrated significant strength with a 7% price increase over 24 hours, advancing from $0.24 to $0.25 amid substantially elevated trading activity. The rally was fueled by substantial accumulation during early trading, establishing solid support at $0.23 before progressing toward crucial resistance zones.
Trading momentum intensified between 07:00 and 09:00, with volume reaching 119 million tokens traded—nearly double the 24-hour average of 67.5 million. This breakthrough multiple resistance levels indicated increased institutional participation and strengthened the bullish outlook for further price appreciation.
HBAR tested resistance near $0.25 in late session trading, encountering some selling pressure. However, the token maintained support at this level through the closing hour, demonstrating resilience and ongoing investor confidence. With sustained high volumes and consistent buying pressure, HBAR shows potential for continued upward movement.
Technical Analysis Confirms Bullish Momentum
- HBAR displayed strong bullish momentum from September 17th 17:00 to September 18th 16:00, moving from $0.24 to $0.25 with 7% volatility
- The cryptocurrency reached a peak of $0.25 at 08:00 before consolidating near this resistance level
- HBAR maintained upward trajectory during the final hour, forming a clear ascending channel between $0.25 support and resistance
- Significant volume spikes exceeding 2.50 million during key resistance breaks indicated substantial institutional buying interest
- Consistent higher lows throughout the session confirmed the ongoing uptrend and potential for gains beyond $0.25 resistance