HBAR has made headlines once again, posting a robust 7% gain in the past 24 hours. The cryptocurrency, which serves as the native token for the Hedera network, climbed from $0.24 to $0.25, supported by trading volumes that surged well beyond the daily average. The move was characterized by heavy accumulation early in the session, establishing a firm base around $0.23 before steadily advancing toward key resistance levels.
Early Momentum and Volume Surge
The momentum for HBAR started picking up pace during the morning hours, particularly between 07:00 and 09:00, when trading volumes soared to 119 million tokens. This figure nearly doubled the 24-hour average of 67.5 million, indicating heightened interest and activity. The significant breakout through multiple resistance zones suggested increased institutional activity, adding weight to the bullish case for further price discovery.
HBAR’s price action was characterized by its ability to maintain a consistent trajectory despite occasional selling pressure. In the late trading hours, the cryptocurrency tested resistance near $0.25. Although selling pressure began to weigh in, HBAR managed to uphold support at this level, signaling resilience and sustained investor interest. The elevated volumes and consistent buy-side pressure suggest that HBAR is well-positioned for continued upside.
Technical Indicators Signal Sustained Strength
Throughout the 23-hour period from September 17, 17:00, to September 18, 16:00, HBAR exhibited robust bullish momentum. The cryptocurrency advanced from $0.24 to $0.25, with an overall range of $0.02, representing a 7% volatility. A notable surge occurred at 08:00, achieving a $0.25 peak before consolidating around the $0.25 resistance threshold.
During the final hour of the session, from September 18, 15:05 to 16:04, HBAR maintained its bullish momentum, establishing a defined ascending channel between $0.25 support and $0.25 resistance. Multiple successful breakout attempts were observed, underscoring the token’s strength.
Significant volume spikes, exceeding 2.50 million, were recorded during critical resistance breaches at 15:33 and 15:54, pointing to pronounced institutional buying interest. HBAR preserved consistent higher lows throughout the session, confirming the continuation of the established uptrend. This positions HBAR favorably for further gains beyond the $0.25 resistance level.
Balancing Optimism with Caution
While the recent price action and volume surges paint an optimistic picture for HBAR, it’s important to consider the broader market dynamics. Cryptocurrencies are inherently volatile, and while technical indicators suggest strength, external factors such as regulatory developments and macroeconomic trends could impact HBAR’s trajectory.
Investors and traders should be cautious and stay informed about potential risks. The cryptocurrency market has seen rapid shifts before, and while HBAR’s current momentum is promising, adaptability and vigilance remain crucial.
Looking Ahead
As HBAR continues to garner attention, the focus will be on whether it can sustain its upward momentum and break through additional resistance levels. The ongoing support at $0.25, coupled with strong institutional interest, could serve as a springboard for further gains. However, market participants should keep an eye on trading volumes and external market conditions that could influence HBAR’s future performance.
In summary, HBAR’s recent 7% gain showcases its potential and the growing interest from institutional investors. With robust technical indicators and sustained buy-side pressure, HBAR appears poised for continued growth. However, as with any investment, a cautious approach, coupled with thorough analysis, will be key to navigating the evolving landscape of cryptocurrency trading.
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
