Hedera’s native token, HBAR, climbed 3% over the past 24 hours, breaking key resistance levels and sustaining momentum on elevated trading volume. The token rose from $0.22 to $0.23 between October 5 and 6, moving within a 5.47% intraday volatility range.
HBAR rebounded from lows near $0.21 to highs above $0.23, fueled by heavy buying that pushed peak trading volume past 70 million. Overall volume reached nearly 55 million, well above its daily average of 39.85 million, reflecting strong market participation and investor optimism.
The rally coincided with increased demand for alternative assets amid the ongoing U.S. government shutdown. In the final hour, HBAR added 0.46% to close near $0.23, even as broader equities came under pressure.
Technical Highlights:
- Support confirmed at $0.21
- Resistance breached at $0.22 and $0.23
- Breakout sessions saw volume spike above 43 million
- Consolidation near $0.23 as volume tapered to 5.56 million
- Session high held at $0.23 with sustained volume
HBAR’s recovery signals ongoing bullish momentum, suggesting potential for further short-term gains.
