HBAR Extends Momentum as Institutional Activity Builds and Technical Structure Strengthens
Hedera’s HBAR token continued its upward trajectory on Thursday, supported by increased institutional inflows and a bullish shift across derivatives markets. The token moved from $0.1457 to $0.1494, with trading volumes jumping 96% above the 24-hour average. Buyers gained control shortly after 08:00 GMT, forming a sequence of higher lows within a $0.0054 range and securing an intraday rise of about 3.5%.
During the rally, HBAR briefly reached $0.1506 before a round of profit-taking slowed momentum. Despite this, the $0.1450 support area remained firm through several retests. Short-term market data recorded a sharp push from $0.1472 to $0.1502—driven by more than 6.17 million in volume within just two minutes—suggesting that algorithmic breakout strategies amplified the move.
With fundamentals largely unchanged, the advance was driven by technical factors, particularly accumulation patterns and sustained interest from larger players. The uptrend remains well-supported, and traders are now watching whether HBAR can build toward the $0.1510–$0.1520 resistance zone. However, sell pressure around $0.1506 could pose short-term challenges, making upcoming volume behavior a key signal for whether institutions are accumulating or beginning to distribute.
Support & Resistance
- Breakout point at $0.1480 now acts as the nearest support.
- Resistance lies at $0.1502, followed by the $0.1510–$0.1520 target band.
Volume Landscape
- Institutional activity peaked at 99.28 million, up 96% from typical daily volume.
- Concentrated spikes above 6.17 million confirmed accumulation during the breakout phase.
Technical Outlook
- Uptrend structure remains intact with a clean series of higher lows.
- The breakout above $0.1480 was supported by unusually strong volume.
Price Targets & Risk Setup
- Upside objectives: $0.1510–$0.1520.
- Key risk level: $0.1450, offering a roughly 2:1 reward-to-risk profile from current pricing.
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