HBAR has posted a strong technical performance throughout the latest 23-hour trading window, advancing from $ 0.21 to $ 0.22 while registering a trade range of $ 0.012, equivalent to 5.7% volatility.
Market action is that it has highlights a firm integration -includes $ 0.209 in heavy quantities before consumers push the token to certainly over $ 0.221 resistance at 08pm UTC.
Breakout, supported by more than 125 million tokens exchanged, set a new peak near $ 0.222, which eventually changed fresh support to around $ 0.22 levels. The final trading time saw another climb, with a high push volume from $ 0.220 to $ 0.222, emphasizing the ongoing momentum uprising.
The gains came amidst the institutional’s revised enthusiasm, with HBAR climbing nearly 4% over the past 24 hours. Hedera’s positioning was strengthened by high-profile partnerships, including Germany’s Swift, Citi, and Bundesbank work on interoperability frameworks. In the US, Wyoming’s decision to use HBAR for the Stablecoin initiative border has further strengthened the credentials, putting the network ahead of the blockchain level adoption.
Technically, cryptocurrency faces a well -defined range, with support established at $ 0.21 and overhead resistance to $ 0.23. Oscillators momentum, recently cooled from oversold territory, suggest that the integration can give way to continuous upward pressure.
The trading activity in the latest session showed a strong confirmation of volume in key support and resistance to the zones, which signed that market participants were ready to defend the current uprising.
Technical signal indicators maintain strength
- The support level combined with $ 0.209 with a huge confirmation of volume of 102.98 million within a 17:00 session.
- The decisive penetration above the $ 0.221 resistance at 08pm with a rare volume of 125.71 million units.
- The upward trajectory suggests continuous purchase of pressure and potential continuity towards the $ 0.223 Fibonacci extension level.
- Quantity during the 60-minute period with explosive volume of 3.19 million at 14:04 breakout.
- The prolonged purchase of pressure and quantity confirmation exceeds 2.25 million during 14: 05-14: 06 confirming the continuation of the continuation.
- Potential for further advances towards the $ 0.225 Fibonacci Extension Level preceded by the current characteristics of momentum.
Denial: Parts of this article were formed with assistance from AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.
