HBAR Climbs 3% as Surge in Trading Volume Points to Possible Upside

HBAR Rallies 3% on Elevated Volume, Showing Breakout Potential

Hedera’s native token, HBAR, posted a 3% gain over the past 24 hours, demonstrating bullish momentum despite moderate market volatility.

From September 2 at 15:00 to September 3 at 14:00, HBAR climbed from $0.22 to near session highs, with its trading range spanning roughly 5% of the period’s low. Consistent buying support at higher levels reflected resilience in a fluctuating market environment.

Volume Points to Institutional Interest
Trading volumes surged to 69.68 million, significantly above the 24-hour average of 37.42 million, highlighting strong institutional accumulation. A notable single spike of 4.87 million underscored aggressive positioning above key resistance levels.

Intraday price movements reinforced breakout potential. Between 13:29 and 14:28 on September 3, HBAR rallied from $0.22 to a session high before stabilizing, forming ascending lows and sustained momentum, classic indicators of a potential breakout.

Support held above $0.22, and traders will be watching closely to see if HBAR can maintain its bullish trend into the next trading session.

Technical Indicators Highlight Strength

• Support: $0.21, backed by elevated trading volume.
• Resistance: $0.22, repeatedly tested with high activity, suggesting a developing breakout.
• Market Structure: Accumulation pattern with ascending lows, indicating steady buying pressure.
• Volume Confirmation: Surges at 20:00 and 21:00 on September 2, and an exceptional 4.87 million spike at 13:43 on September 3, validating institutional buying.
• Momentum: Price and volume align with classic breakout dynamics, signaling potential for further gains.

HBAR’s combination of strong support, high-volume accumulation, and breakout-friendly price action indicates the token may continue to advance if current momentum persists.

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