HBAR gained 4.62% to $0.188 and outperformed the broader crypto market as trading volume rose 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 against the CD5 benchmark highlighted strong asset-specific demand catalysts.
Technically, HBAR rose from $0.1736 to $0.1894, forming rising trend lines punctuated by higher lows, demonstrating solid upward momentum. The overall range of $0.0255 reflected 13.2% volatility, while volume reached 215.6 million, confirming a decisive break above the $0.1950 resistance zone. Strong near-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. The price fell from a high of $0.1925 to $0.1892, breaking through the $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.
Key Technical Levels Signal Mixed Outlook for HBAR
Support/Resistance: Primary support sits at $0.1880 with resistance at the $0.1920-$0.1950 zone
Volume analysis: An increase of 24.2% above the weekly average confirms institutional flows, while 10.8 million hours show profit taking
Chart Patterns: Rising trend lines developed before late reversal created bearish channel structure
Objectives and risk/reward: Break above $0.1950 targets $0.200 level while $0.1880 failure risks drop towards $0.1750
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial staff to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI policy.
