HBAR Rises 2.37%, Eyes $0.217 Resistance on Strong Volume
Hedera’s native token, HBAR, advanced 2.37% in the past 24 hours, supported by elevated trading volumes amid ongoing market uncertainty.
The token traded between $0.2104 and $0.2172, with a late surge on Sept. 28 lifting HBAR from $0.2139 to $0.2168 on nearly double the daily average volume. This activity established resistance near $0.2172, as total trading volume reached 59.92 million tokens.
Following the rally, HBAR consolidated between $0.2144 and $0.2168, briefly testing support at $0.2131 before rebounding to $0.2160. A late-session uptick pushed prices from $0.2132 to $0.2164, signaling sustained buying interest.
Investors are increasingly viewing Hedera as a potential hedge amid market volatility, with blockchain infrastructure projects attracting institutional attention.
Technical Outlook
HBAR’s 24-hour movement shows consistent bullish momentum, advancing within a 2.78% trading range. Volume spikes at 22:00 and 13:00 UTC reinforced the upward trend despite intermittent consolidation.
