HBAR Extends Its Climb as Institutional Buying Intensifies and Derivatives Signal Strength
Hedera’s HBAR token pushed higher on Thursday, supported by renewed institutional inflows and increasingly bullish positioning in derivatives markets. The token advanced from $0.1457 to $0.1494, with trading activity rising to 96% above its typical daily volume. Momentum picked up around 08:00 GMT as a steady pattern of higher lows formed across a $0.0054 range, resulting in a 3.5% intraday increase.
HBAR briefly reached $0.1506 before encountering light profit-taking, but buyers continued to defend the $0.1450 support level during multiple retests. Short-term order flow showed a swift surge from $0.1472 to $0.1502, powered by more than 6.17 million in volume processed within two minutes—a spike that likely activated algorithmic breakout strategies.
With no major fundamental catalysts driving the move, the rally was guided primarily by technical factors, including consistent accumulation and ongoing institutional participation. The uptrend structure remains intact, and traders are watching for a potential move into the key $0.1510–$0.1520 resistance region. Still, the earlier rejection at $0.1506 adds a layer of near-term resistance, making upcoming volume behavior critical for gauging whether strong hands are accumulating or lightening exposure.
Support/Resistance:
- Primary support sits at $0.1480, the breakout level.
- Initial resistance appears at $0.1502, with targets at $0.1510–$0.1520.
Volume Dynamics:
- Institutional flows peaked at 99.28 million, nearly double the average.
- Volume bursts above 6.17 million during the acceleration phase reinforce accumulation trends.
Technical Setup:
- Ascending trendline remains healthy with consistent higher lows.
- Break above $0.1480 confirmed on strong volume.
Targets & Risk/Reward:
- Upside targets: $0.1510–$0.1520.
- Protective stop at $0.1450, maintaining a roughly 2:1 reward-to-risk profile.
