HBAR Holds Steady at $0.24 as Institutional Demand Builds
Hedera’s HBAR token maintained a narrow trading range over a 23-hour session from Aug. 26 at 15:00 to Aug. 27 at 14:00, fluctuating between $0.24 and $0.25, a 4% spread that highlighted technical stability.
Early in the session, HBAR rose from $0.24 to $0.25 by 19:00, supported by strong trading volume of 70.13 million units. The token then settled into a consolidation phase, repeatedly testing support at $0.24 and resistance near $0.25. A late-session uptick pushed the price slightly higher, signaling continued bullish momentum despite the tight range.
Analysts noted that the session marked one of the most active liquidity events for HBAR in recent weeks, reflecting growing trader engagement. The token’s resilience coincides with increased institutional adoption: SWIFT has initiated live blockchain tests using Hedera for tokenized settlements, and Grayscale recently launched a Delaware trust for HBAR.
Technical Overview:
- $0.01 trading corridor with highs at $0.25 and lows at $0.24
- Maximum bullish push occurred around 19:00 on Aug. 26
- Trading volume surged to 70.13 million units, exceeding typical levels
- Support confirmed multiple times at $0.24
- Resistance formed near $0.25, establishing a defined channel
- Late-session 1% gain underscores persistent bullish pressure
HBAR’s steady trading and strong technical support suggest it remains well-positioned amid growing institutional interest.
