HBAR Maintains $0.24 as Institutional Activity Gains Momentum
Hedera’s HBAR token held steady over a 23-hour trading session from Aug. 26 at 15:00 to Aug. 27 at 14:00, moving within a tight $0.01 range between $0.24 and $0.25, reflecting a 4% spread and strong technical support.
The token gained early traction, climbing from $0.24 to $0.25 by 19:00 on heavy trading volume of 70.13 million units. Following the surge, HBAR consolidated, repeatedly testing support at $0.24 and resistance near $0.25. A late-session uptick lifted the price slightly, signaling continued bullish momentum despite the narrow trading range.
Analysts highlighted the session as one of HBAR’s most active liquidity events in recent weeks, indicating growing market engagement. The token’s resilience aligns with increasing institutional adoption: SWIFT has launched live blockchain tests using Hedera for tokenized settlements, and Grayscale recently established a Delaware trust for HBAR.
Technical Overview:
- $0.01 trading corridor, with session high at $0.25 and low at $0.24
- Peak bullish momentum occurred around 19:00 on Aug. 26
- Trading volume surged to 70.13 million units, surpassing typical session averages
- Support repeatedly confirmed at $0.24
- Resistance formed near $0.25, creating a defined trading channel
- Late-session 1% gain underscores persistent bullish pressure
HBAR’s steady trading and solid technical foundation suggest the token is well-positioned amid rising institutional interest.
