Hedera’s HBAR token extended its upward momentum on Thursday, supported by strong institutional participation and increasingly bullish derivatives positioning across multiple timeframes. The asset climbed from $0.1457 to $0.1494, with trading volume surging to nearly double its 24-hour average. Momentum accelerated around 08:00 GMT as a series of higher lows formed within a tight $0.0054 range, delivering a 3.5% intraday advance.
HBAR briefly reached $0.1506 before light profit-taking slowed the rally, though repeated retests of $0.1450 confirmed solid underlying support. In the short term, the move from $0.1472 to $0.1502 was driven by a concentrated burst of more than 6.17 million in volume over just two minutes—likely triggering algorithmic breakout strategies.
With no major fundamental catalyst behind the move, the breakout was primarily technical in nature, supported by accumulation signals and consistent institutional bid flows. The trend structure remains constructive, with traders watching whether price can extend toward the $0.1510–$0.1520 resistance band. However, the earlier rejection near $0.1506 suggests potential near-term hesitation unless volume strengthens again.
Support / Resistance:
• Primary support now sits at the $0.1480 breakout zone.
• Immediate resistance is at $0.1502, followed by key targets at $0.1510–$0.1520.
Volume Dynamics:
• Institutional volume peaked at 99.28 million—nearly 96% above average—with notable spikes exceeding 6.17 million during the breakout phase, reinforcing accumulation.
Technical Structure:
• Higher lows and an intact ascending trendline validate the uptrend.
• The breakout through $0.1480 was confirmed by exceptional volume.
Targets & Risk Management:
• Upside targets sit at $0.1510–$0.1520.
• A stop near $0.1450 maintains a favorable 2:1 risk-reward profile.
