Hedera’s native token HBAR surged 7% over the past 24 hours, moving from $0.24 to $0.25 as trading activity surged. Early accumulation around $0.23 provided a solid base, driving the token through multiple resistance levels.
Momentum peaked between 07:00 and 09:00, with volumes reaching 119 million tokens — nearly double the 24-hour average. Institutional interest appears elevated, supporting the bullish trend.
HBAR tested resistance near $0.25 late in the session, encountering selling pressure but maintaining support at that level. Consistent higher lows and sustained buy-side activity signal resilience and position the token for potential gains above $0.25.
Technical Highlights:
- Price Movement: $0.24 → $0.25 over 24 hours, 7% volatility.
- Volume: Key spikes during breakout and resistance tests exceeded 2.5 million tokens.
- Trend: Ascending channel formed with multiple successful breakout attempts, confirming ongoing bullish momentum.
HBAR’s strong volumes and consolidation near resistance suggest further upside potential in the near term.
