HBAR rose 2.38% to $0.144 as trading volume rose 59% above its weekly average, driven by Axelar’s new integration that connects Hedera to more than 60 blockchains.
Despite the catalyst, the token lagged the broader market and underperformed the CD5 index by 1.64% as capital rotated into other digital assets. Intraday volatility remained high with a range of $0.0146 and a high of $0.1555 before sellers pushed the price into a descending channel.
Support formed near $0.1410 as late session buying stabilized the pullback. Short-term data showed a strong 60-minute reversal that pushed HBAR from $0.1413 to $0.1443 on robust volume, reinforcing bullish momentum above newly established support. Still, the broader trend remains heavy, defined by sustained lower highs that have shaped the market since September.
HBAR continues to trade below key EMAs, with 20-day at $0.155 and higher timeframe resistance bolstered by 50- and 100-day EMAs at $0.174 and $0.189. The macro trend remains bearish; dampening optimism about Axelar-driven interoperability gains. Traders will see if expanding liquidity across chains can trigger a sustained challenge with structural resistance.
Key Technical Levels Signal Mixed Outlook for HBAR
Support/Resistance: Immediate support holds at $0.1410 with resistance at $0.1450; major ceiling remains at 20-day EMA $0.155.
Volume Analysis: 59% Rise Above Weekly Average Validates Price Action; breakout volume of 6.8M confirms strength of reversal attempts.
Chart Patterns: Descending channel dominates 24-hour structure, while ascending pattern occurs in 60-minute time frame, suggesting potential reversal.
Targets & Risk/Reward: Next resistance targets $0.1450-$0.1555 range; break below $0.1410 triggers $0.125 demand zone test.
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