HBAR (Hedera Hashgraph) demonstrated significant price momentum during late trading on October 13, climbing from $0.187 to reach $0.191—representing a 2.14% daily increase—before stabilizing near $0.190.
This upward movement was fueled by exceptional trading volume, particularly a notable 15.65 million token transaction at 13:31, indicating substantial institutional involvement. The volume-driven breakout enabled HBAR to overcome previous resistance between $0.190-$0.191, establishing new technical support levels amid positive market sentiment.
The surge concluded a broader 23-hour rally spanning October 12-13, where HBAR gained approximately 9% while trading between $0.17-$0.19. This sustained upward trend featured consistent volume support and a solid recovery from earlier lows around $0.17, highlighting strong market confidence. HBAR's ability to maintain support above $0.18 throughout this period reinforced trader optimism for continued positive performance.
Significant institutional participation was evident through consecutive high-volume trading intervals during the breakout period, suggesting renewed accumulation and positioning for potential further gains. HBAR's current price structure shows solid support around $0.189-$0.190, indicating possible additional upside if momentum continues and overall market conditions remain supportive.
Technical Analysis Confirms Bullish Outlook
- HBAR traded within a $0.017 range (9%) between $0.174 and $0.191 during the 23-hour period from October 12 15:00 to October 13 14:00
- Substantial volume spikes reaching 179.54 million and 182.77 million during 11:00 and 13:00 sessions on October 13 confirmed positive market sentiment
- Key resistance emerged at $0.190-$0.191 levels where price movements faced consistent selling pressure
- The $0.183-$0.184 zone provided reliable support through volume-backed price recoveries
- Exceptional volume spike at 13:31 recording 15.65 million tokens signaled decisive breakout momentum
- High-volume intervals exceeding 10 million units through 13:35 demonstrated substantial institutional participation
- HBAR maintained support above $0.189 despite moderate profit-taking activity