HBAR Rallies 4.4%, Breaks Key Resistance Amid Institutional Buying
HBAR surged 4.4% over the past 24 hours, climbing from $0.22 to $0.23 as institutional demand drove the token past a critical resistance level. Trading volume spiked to 91.65 million during the 13:00 hour — more than double the daily average of 40.85 million — signaling heavy buying activity behind the breakout.
The technical setup reinforced the bullish move. HBAR posted higher lows at $0.2217 and $0.2246 before breaching resistance at $0.2280 on strong volume. Morning momentum carried prices from $0.2274 to an intraday peak of $0.2335, with market structure and activity pointing to institutional accumulation.
However, gains were partially reversed in the final trading hour. HBAR slipped 0.32% from $0.233 to $0.233 as profit-taking emerged. Selling intensified after the token hit a session high of $0.234, particularly between 09:40 and 09:53, with bursts of 1.97 million and 2.28 million tokens changing hands.
The pullback highlights the ongoing balance between bullish momentum and short-term profit-taking. While the breakout above $0.2280 suggests strong appetite for HBAR, sustaining upward momentum remains a test. Bulls now face a key battleground near the $0.234 resistance level.
Technical Summary
- Price Action: Higher lows at $0.2217 and $0.2246 confirm an upward trend.
- Volume: 91.65M tokens traded in peak hour, 124% above the daily average.
- Resistance Break: $0.2280 level cleared with heavy volume.
- Momentum: Morning gains from $0.2274 to $0.2335 indicate strong buying pressure.
- Profit-Taking: Final-hour volume bursts (1.97M and 2.28M) signal selling near $0.234.
