HBAR saw increased institutional interest over the last 24 hours and traded between $ 0.22 and $ 0.23. The strongest move came early on October 2nd when the token rose from $ 0.22 to $ 0.23 on a large volume of 57 million, establishing resistance at the upper level. Subsequent trade experienced repeated testing of this barrier with consolidation just under $ 0.23.
The volatility of late session erased gains, with a fall of 1% in the last hour as the selling pressure mounted and liquidity is thinned. Analysts noticed falling volume in close as a sign of potential short -term weakness.
Long -term mood remains more favorable. Hedera leaders recently appeared on a panel with Swift, Citigroup and Germany’s Bundesbank, which emphasized institutional recognition of its technology. Wyomings Frontier StableCOin -Pilot demonstrates additional business cases.
Regulatory catalysts can also be on the horizon, where SEC is undergoing a potential place HBAR ETF this month. Despite the recent fall, analysts say Hedera’s mix of partnerships and ETF prospects could support additional gains in October.
Technical analysis reveals mixed trade signals
- Established resistance of $ 0.23 level continues to generate consistent sales pressure during periods of increased trading volume.
- Support levels near $ 0.23 have shown resilience through several test phases during the consolidation period.
- Increased trading volume of 57.63 million shares during the early morning rally suggests institutional participation and renewed investor interest.
- Absence of trading volume in the session’s final minut mining meminut raises concerns about the market’s liquidity and potential deterioration of momentum.
- The total trading area of $ 0.0068, which represents 3% volatility, indicates active price discovery and market efficiency.
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