HBAR Climbs 2.5% as Institutional Demand Bolsters Support
HBAR rebounded from early losses over a volatile 23-hour session, closing higher as late-day trading activity reinforced key support levels and signaled bullish momentum.
From Sept. 22, 15:00, to Sept. 23, 14:00, HBAR fluctuated between $0.2171 and $0.2255. The token opened with a sharp sell-off to $0.2174 but quickly recovered, supported by strong buying at $0.2171. Bulls pushed HBAR toward $0.2255, though resistance near $0.2244 capped further gains. The token ultimately closed at $0.2228, marking a 2.5% recovery and settling above the range midpoint.
The final hour highlighted continued strength, with HBAR trading in a narrow 0.4% range between $0.2221 and $0.2230 and posting a modest 0.06% gain. Volume spikes—881,924 tokens at 13:27 and 1.58 million tokens just before 14:00—underscored robust market participation, reinforcing support while keeping resistance intact. Analysts view this as accumulation rather than exhaustion.
Overall, HBAR’s recovery trend remained intact, with bulls in control and support levels holding firm, suggesting the potential for further upside as traders watch for a breakout above short-term resistance.
About The Author
More Stories
Franklin Templeton added approximately $150 million in tokenized money market fund shares to the XRP Ledger on Friday, with all newly issued tokens sent to a single wallet. Two subscription transactions recorded on Thursday nearly quadrupled the fund’s token supply on the network.
Apex Group CEO Warns U.S. Clarity Act Delay Could Boost Asia and Middle East
a16z Rebrands Crypto Fund as a16z Frontier to Expand Its Investment Focus