HBAR rallied 4.62% to $0.188, outperforming the broader crypto market as trading volume spiked 24.2% above its weekly average.
The session’s price action pointed to genuine institutional participation rather than retail-driven speculation. HBAR’s 6.37% outperformance versus the CD5 benchmark highlighted strong, asset-specific demand catalysts.
Technically, HBAR advanced from $0.1736 to $0.1894, forming ascending trendlines marked by higher lows and demonstrating solid upward momentum. The total range of $0.0255 reflected 13.2% volatility, while volume reached 215.6 million, confirming a decisive breach above the $0.1950 resistance zone. Strong short-term support consolidated near $0.1880, suggesting a healthy retracement structure within an overall bullish setup.
However, the final hour saw a sharp reversal as institutional profit-taking triggered a technical correction. Price fell from a $0.1925 peak to $0.1892, breaking through $0.1911 support on nearly triple the average hourly volume.
The failed breakout attempt above $0.1920 established lower highs and bearish intraday channels, with temporary support now forming near $0.1890 — a level traders should monitor closely as the market digests recent gains.
HBAR/USD (TradingView)
Key Technical Levels Signal Mixed Outlook for HBAR
Support/Resistance: Primary support sits at $0.1880 with resistance at $0.1920-$0.1950 zone
Volume Analysis: 24.2% surge above weekly average confirms institutional flows, while 10.8M hourly spike shows profit-taking
Chart Patterns: Ascending trendlines developed before late reversal created bearish channel structure