HBAR Faces Resistance Despite Institutional Volume Surge
HBAR traded within a 5% range ($0.23–$0.24) over a 23-hour session, showing both volatility and technical pressure. After dipping to $0.23 support, the token rebounded sharply on high-volume trading of 156.1 million units, pointing to strong institutional participation.
Resistance at $0.24 remained firm, with repeated rejections signaling selling pressure. Accumulation near $0.23 establishes a clear support base, while a decisive break above $0.24 could unlock a 25% upside.
The uptick in activity follows Grayscale’s filing to convert the HBAR Trust into an ETF, with the SEC’s November 12 decision likely to influence price direction. Market participants are closely watching whether institutional momentum can overcome technical barriers.
