HBAR Advances 4.4% After Surpassing Key Resistance Level

HBAR Jumps 4.4% on Institutional Buying, Breaks Key Resistance

HBAR rallied 4.4% over the past 24 hours, climbing from $0.22 to $0.23 as strong institutional flows helped push the token past a major resistance level. Trading activity surged during the 13:00 hour, with volumes hitting 91.65 million — 124% above the daily average of 40.85 million — suggesting that large-scale buyers were behind the move.

Technical signals reinforced the bullish momentum. The token recorded higher lows at $0.2217 and $0.2246 before breaching the $0.2280 resistance on heavy volume. Momentum accelerated in the morning session, driving prices from $0.2274 to an intraday high of $0.2335, with chart structure and trading activity pointing to institutional accumulation.

Yet gains proved temporary. In the final trading hour, HBAR retraced 0.32% from $0.233 to $0.233 as profit-taking intensified. The sell-off followed a session high of $0.234 at 09:20, with concentrated trading between 09:40 and 09:53 showing bursts of 1.97 million and 2.28 million tokens changing hands. The pullback highlights the tension between bullish momentum and short-term profit-taking.

While the breakout above $0.2280 indicates renewed appetite for HBAR, maintaining upward momentum remains a challenge. Bulls now face a critical test at the $0.234 resistance level, which has emerged as a key battleground.

Technical Highlights

Price Action: Higher lows at $0.2217 and $0.2246 indicate an upward trend.
Volume: 91.65M tokens traded during peak hour, surpassing the 40.85M daily average by 124%.
Resistance Break: $0.2280 level cleared on heavy volume.
Momentum Surge: Morning gains from $0.2274 to $0.2335 show strong buying pressure.
Profit-Taking: Final-hour volume spikes (1.97M and 2.28M) signal short-term selling near $0.234.