HBAR Gains 4.4% as Price Clears Significant Resistance

HBAR Surges 4.4% on Institutional Buying, Breaks Key Resistance

HBAR climbed 4.4% over the past 24 hours, rising from $0.22 to $0.23 as institutional demand propelled the token past a major resistance level. Trading activity surged, 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 move.

The technical picture reinforced the bullish momentum. HBAR formed higher lows at $0.2217 and $0.2246 before breaking through the $0.2280 resistance on heavy volume. Morning session gains pushed prices from $0.2274 to an intraday high of $0.2335, with market structure and activity suggesting institutional accumulation.

Gains, however, were partly reversed in the final trading hour. HBAR slipped 0.32% from $0.233 to $0.233 amid profit-taking. The pullback followed a session high of $0.234, with bursts of 1.97 million and 2.28 million tokens traded between 09:40 and 09:53, highlighting short-term selling by large holders.

The episode underscores the balance between bullish momentum and profit-taking pressures. While breaking above $0.2280 signals renewed appetite for HBAR, sustaining further gains remains a challenge. Bulls now face a pivotal test near the $0.234 resistance level.

Technical Highlights

• Price Action: Higher lows at $0.2217 and $0.2246 indicate an uptrend.
• Volume: 91.65M tokens traded at peak hour, 124% above the daily average.
• Resistance Break: $0.2280 cleared on strong volume.
• Momentum: Morning surge from $0.2274 to $0.2335 confirms buying strength.
• Profit-Taking: Final-hour volume spikes (1.97M and 2.28M) suggest short-term selling near $0.234.