HBAR Climbs 2.37%, Eyes $0.217 Resistance on Strong Trading Volume
Hedera’s HBAR surged 2.37% over the past 24 hours, buoyed by robust trading activity as investors reacted cautiously to broader market uncertainty.
The token traded in a range of $0.2104 to $0.2172, with a late-session jump on Sept. 28 lifting prices from $0.2139 to $0.2168 on nearly twice the average daily volume. This movement established resistance near $0.2172, with total volume reaching 59.92 million tokens, reflecting heightened market participation.
Following the rally, HBAR consolidated between $0.2144 and $0.2168, finding support at $0.2131 before rebounding to $0.2160. Another late-session surge pushed the token from $0.2132 to $0.2164, signaling continued bullish momentum.
Technical Indicators
Over the past 24 hours, HBAR’s trading activity showed strong upward momentum within a 2.78% range. Volume spikes at 22:00 and 13:00 UTC reinforced the rally, despite periods of consolidation.
Investors are increasingly drawn to Hedera as a potential hedge and a strategic blockchain infrastructure asset amid volatile market conditions.
