HBAR Climbs 4.4% as Institutional Demand Pushes Through Key Resistance
HBAR rose 4.4% over the past 24 hours, advancing from $0.22 to $0.23 as institutional flows helped the token break a significant resistance level. Trading activity spiked sharply, with volumes reaching 91.65 million during the 13:00 hour — more than double the daily average of 40.85 million — signaling strong buying pressure behind the rally.
Technically, HBAR showed bullish strength throughout the session. The token formed higher lows at $0.2217 and $0.2246 before breaching the $0.2280 resistance on heavy volume. Morning momentum drove prices from $0.2274 to an intraday peak of $0.2335, with market activity suggesting that institutional accumulation played a key role in the breakout.
However, the rally was partially retraced in the final trading hour. HBAR slipped 0.32% from $0.233 to $0.233 as profit-taking emerged. The sell-off followed a session high of $0.234, with bursts of 1.97 million and 2.28 million tokens changing hands between 09:40 and 09:53, highlighting short-term liquidation by larger holders.
The session underscores the ongoing interplay between bullish momentum and profit-taking pressures. While the breakout above $0.2280 signals strong demand for HBAR, sustaining gains remains a challenge. Bulls now face a critical test near the $0.234 resistance level.
Technical Summary
- Price Action: Higher lows at $0.2217 and $0.2246 confirm an uptrend.
- Volume: Peak-hour trading reached 91.65M tokens, 124% above the daily average.
- Resistance Break: $0.2280 cleared on strong volume.
- Momentum: Morning surge from $0.2274 to $0.2335 demonstrates buying strength.
- Profit-Taking: Final-hour spikes (1.97M and 2.28M) indicate short-term selling near $0.234.
