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Bitcoin

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$70,624.48

-0.34% 1h

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$51,035,355,515.06

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HBAR Climbs 7% as Strong Volumes Drive Breakout Toward Key Resistance

HBAR posted a strong 7% gain over the past 24 hours, climbing from $0.24 to $0.25 as trading volumes surged well above the daily average. The move was supported by heavy accumulation early in the session, where HBAR established a firm base around $0.23 before steadily advancing toward key resistance levels.

Momentum accelerated during the morning window between 07:00 and 09:00, with volumes peaking at 119 million tokens traded — nearly double the 24-hour average of 67.5 million. This breakout through multiple resistance zones suggested heightened institutional activity and reinforced the bullish case for further price discovery.

HBAR ultimately tested resistance near $0.25 in late trading, where selling pressure began to weigh. Despite this, the token maintained support at the same level during the final hour of the session, signaling resilience and sustained investor interest. With elevated volumes and consistent buy-side pressure, HBAR appears positioned for continued upside.

HBAR/USD (TradingView)

Technical Indicators Signal Sustained Strength
  • HBAR exhibited robust bullish momentum throughout the 23-hour period from 17 September 17:00 to 18 September 16:00, advancing from $0.24 to $0.25 with an overall range of $0.02 representing 7% volatility.
  • The cryptocurrency featured a notable surge at 08:00 achieving a $0.25 peak before consolidating around the $0.25 resistance threshold.
  • HBAR maintained its robust bullish momentum during the final 60 minutes from 18 September 15:05 to 16:04, establishing a defined ascending channel between $0.25 support and $0.25 resistance with multiple successful breakout attempts.
  • The cryptocurrency demonstrated pronounced institutional buying interest with significant volume spikes exceeding 2.50 million during critical resistance breaches at 15:33 and 15:54.
  • HBAR preserved consistent higher lows throughout the session, confirming the continuation of the established uptrend and positioning HBAR favourably for further gains beyond the $0.25 resistance level.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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