HBAR Climbs 2.37%, Approaching $0.217 Resistance on Strong Volume
Hedera’s native token, HBAR, rose 2.37% over the past 24 hours, driven by elevated trading volumes that underscored bullish momentum amid broader market uncertainty.
The token traded in a $0.2104–$0.2172 range, with a late surge on Sept. 28 pushing HBAR from $0.2139 to $0.2168 on nearly double the daily average volume. This activity established a clear resistance level at $0.2172, as total trading volume spiked to 59.92 million tokens.
After the rally, HBAR entered a brief consolidation phase, oscillating between $0.2144 and $0.2168 before testing support at $0.2131 and rebounding to $0.2160. A late-session push lifted prices from $0.2132 to $0.2164, reinforcing the token’s upward momentum.
Investors are increasingly drawn to blockchain infrastructure projects like Hedera, seeking potential hedges amid volatility in traditional markets.
Technical Indicators
HBAR’s 24-hour performance reflects sustained bullish strength, advancing within a 2.78% trading range. Key volume surges at 22:00 and 13:00 UTC further confirmed the token’s upward trajectory despite temporary consolidations.
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